Stock Traders Purchase High Volume of Call Options on National Vision (NASDAQ:EYE)

National Vision Holdings Inc (NASDAQ:EYE) was the target of unusually large options trading on Wednesday. Traders purchased 2,109 call options on the company. This represents an increase of approximately 2,870% compared to the average daily volume of 71 call options.

NASDAQ EYE opened at $28.32 on Thursday. National Vision has a 12 month low of $25.60 and a 12 month high of $46.63. The firm has a market capitalization of $2.23 billion, a PE ratio of 62.93, a P/E/G ratio of 2.93 and a beta of 1.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.53 and a current ratio of 0.91.

National Vision (NASDAQ:EYE) last released its earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. National Vision had a return on equity of 6.29% and a net margin of 1.12%. The firm had revenue of $461.22 million for the quarter, compared to analysts’ expectations of $455.42 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that National Vision will post 0.52 earnings per share for the current year.

A number of research firms have recently commented on EYE. Guggenheim reissued a “buy” rating and issued a $40.00 target price on shares of National Vision in a research note on Thursday, May 9th. Berenberg Bank began coverage on National Vision in a research note on Wednesday, May 29th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Zacks Investment Research raised National Vision from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.33.

In other National Vision news, SVP Chris Beasley sold 25,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.99, for a total value of $674,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO L Reade Fahs sold 10,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $27.34, for a total value of $273,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,657 shares of company stock valued at $4,627,061. 2.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Pearl River Capital LLC purchased a new stake in shares of National Vision during the fourth quarter valued at $67,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of National Vision during the first quarter valued at $93,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of National Vision by 43.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the company’s stock valued at $115,000 after buying an additional 1,241 shares during the last quarter. Hershey Trust Co. purchased a new stake in shares of National Vision during the first quarter valued at $158,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of National Vision during the fourth quarter valued at $171,000.

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About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

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