National Vision Holdings Is Still Making Progress On Its Turnaround Plan

Eric Novinson263 FollowersFollow5ShareSavePlay(13min)CommentsSummaryNational Vision Holdings has executed a successful turnaround, shifting focus to higher-margin, insured middle-class customers and expanding branded and AI smart glasses offerings.EYE posted Q4 2025 revenue up 15.1% to $503.4M with $3.3M in net income. Its stock price has risen 139% over the past year because of its turnaround.Despite trading at a discount to peers on revenue multiples, EYE’s EV/EBITDA is in line, suggesting further margin expansion is needed for significant upside.I maintain a Hold rating with a $33.15 price target, as the turnaround appears priced in and risks remain from insurance reliance and smart glasses controversy. Althom/iStock Editorial via Getty Images National Vision Holdings (EYE) is another turnaround stock that I have discussed before. This company primarily sells eyeglasses to low-income consumers for low prices. And it was losing money on these deals. But itThis article was written byEric Novinson263 FollowersFollowI am a freelance business writer. I formerly wrote articles for the Motley Fool Blogging Network, where I won several editor's choice awards. After that, I wrote articles for the main Motley Fool site. I typically focus on restaurants, retailers, and food manufacturers, considering both growth opportunities and valuation metrics. I usually look for long term investment opportunities and plan to hold stocks for several years.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.