Eagle Asset Management Inc. lowered its stake in National Vision Holdings Inc (NASDAQ:EYE) by 25.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,043,359 shares of the company’s stock after selling 352,577 shares during the quarter. Eagle Asset Management Inc. owned about 1.33% of National Vision worth $25,113,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of EYE. First Trust Advisors LP bought a new stake in National Vision during the 1st quarter valued at approximately $405,000. Riverbridge Partners LLC bought a new stake in National Vision during the 2nd quarter valued at approximately $31,247,000. We Are One Seven LLC bought a new stake in National Vision during the 2nd quarter valued at approximately $207,000. Strs Ohio bought a new stake in National Vision during the 2nd quarter valued at approximately $46,000. Finally, SG Americas Securities LLC raised its stake in National Vision by 19.6% during the 2nd quarter. SG Americas Securities LLC now owns 57,294 shares of the company’s stock valued at $1,761,000 after purchasing an additional 9,382 shares during the period.
Several equities analysts have weighed in on EYE shares. Loop Capital upgraded National Vision from a “hold” rating to a “buy” rating and raised their price target for the company from $30.00 to $37.00 in a report on Wednesday, August 7th. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Co cut their price target on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, UBS Group raised their price target on National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.00.
NASDAQ EYE traded down $1.96 during trading on Friday, hitting $27.75. 1,040,100 shares of the stock traded hands, compared to its average volume of 845,094. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $24.13 and a 200-day simple moving average of $27.86. The company has a market capitalization of $1.97 billion, a P/E ratio of 61.67, a price-to-earnings-growth ratio of 2.67 and a beta of 1.43. National Vision Holdings Inc has a 12-month low of $22.02 and a 12-month high of $45.38.
National Vision (NASDAQ:EYE) last issued its earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. The business had revenue of $431.90 million during the quarter, compared to analyst estimates of $427.83 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. National Vision’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. As a group, research analysts predict that National Vision Holdings Inc will post 0.55 EPS for the current fiscal year.
In other news, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Vaught sold 48,611 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total value of $1,463,677.21. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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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