Do You Believe National Vision Holdings (EYE) Can Deliver Better Returns for a Long Term?

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy outperformed the Russell 2000 Growth Index and returned 3.28% (net), and the index return was 0.24%. Strength in Industrials, Consumer Staples, Consumer Discretionary, and Information Technology sectors contributed to the strategy’s outperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

TimesSquare Capital highlighted stocks like National Vision Holdings, Inc. (NASDAQ:EYE) in its Q3 2022 investor letter. Headquartered in Duluth, Georgia, National Vision Holdings, Inc. (NASDAQ:EYE) is a US-based optical retailer. On December 19, 2022, National Vision Holdings, Inc. (NASDAQ:EYE) stock closed at $37.55 per share. One-month return of National Vision Holdings, Inc. (NASDAQ:EYE) was -6.87%, and its shares lost 19.21% of their value over the last 52 weeks. National Vision Holdings, Inc. (NASDAQ:EYE) has a market capitalization of $2.963 billion.

TimesSquare Capital made the following comment about National Vision Holdings, Inc. (NASDAQ:EYE) in its Q3 2022 investor letter:

“Seeing a brighter result was National Vision Holdings, Inc. (NASDAQ:EYE), a value-oriented optical retail chain providing eye exams, eyeglasses, and contact lenses. The company’s revenues and earnings exceeded expectations as initial back-to-school activities were beneficial. National Vision also repurchased 2.6 million shares and the net result was a 19% share price climb.”

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National Vision Holdings, Inc. (NASDAQ:EYE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held National Vision Holdings, Inc. (NASDAQ:EYE) at the end of the third quarter, which was 7 in the previous quarter.

We discussed National Vision Holdings, Inc. (NASDAQ:EYE) in another article and shared the top stocks that recently received upgrades from analysts. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.