Market Overview

4 Reasons To Be Bullish On National Vision Holdings, According To William Blair

4 Reasons To Be Bullish On National Vision Holdings, According To William Blair

National Vision Holdings Inc (NASDAQ: EYE) is the third-largest optical retailer and investors should be bullish on the stock, according to William Blair.

The Analyst

William Blair's Ryan Domyancic initiated coverage of National Vision Holdings with an Outperform rating.

The Thesis

The bullish case for National Vision's stock is four-fold, Domyancic wrote in a note.

  • The company boasts a key advantage over its competitors in the price of its products and services. Specifically, consumers can buy two pairs of glasses and an eye exam for nearly $70 while a similar package at Costco (NASDAQ: COST) costs $270 and $260 at LensCrafters. The price advantage over its peers is due to its model of employing its own eye doctors and making use of its own laboratory network and a focus on private-label products.
  • National Vision CEO Reade Fahs has shown an attractive track record since leading the company in 2003. He has been running the company with a positive same-store sales growth, including throughout the economic downturn of 2008 and 2009.
  • The company's momentum over the years appears to be sustainable given expectations for a 9 percent annual sales growth over the next five years.
  • Unlike other retail sectors, the company's business appears to be insulated from the growth of online shopping. Online sales accounted for just 4 percent of all eyeglass unit sales in 2017 due to the importance of in-person eye exams and consumers wanting to try on eyeglasses before making a purchase.

Price Action

Shares of National Vision Holdings were trading down 2.3 Thursday to $43.81.

Related Links:

An Analyst Gives 8 Reasons To Buy National Vision

3 Reasons Why Cooper Companies Landed A KeyBanc Upgrade

Latest Ratings for EYE

Jan 2021Morgan StanleyMaintainsOverweight
Nov 2020Morgan StanleyMaintainsOverweight
Oct 2020JefferiesMaintainsBuy

View More Analyst Ratings for EYE
View the Latest Analyst Ratings


Related Articles (EYE)

View Comments and Join the Discussion!

Posted-In: Eye care retail Ryan Domyancic William BlairAnalyst Color Initiation Analyst Ratings Best of Benzinga

Latest Ratings

REGMorgan StanleyMaintains47.5
EPIXHC Wainwright & Co.Maintains32.0
PRUMorgan StanleyMaintains90.0
CHXCredit SuisseMaintains21.5
PMMorgan StanleyMaintains103.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at