Envestnet Asset Management Inc. boosted its holdings in shares of National Vision Holdings Inc (NASDAQ:EYE) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,490 shares of the company’s stock after purchasing an additional 1,936 shares during the period. Envestnet Asset Management Inc.’s holdings in National Vision were worth $614,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of National Vision in the 2nd quarter valued at $46,000. Aperio Group LLC acquired a new stake in National Vision in the second quarter valued at $59,000. Tower Research Capital LLC TRC acquired a new stake in National Vision in the second quarter valued at $75,000. Panagora Asset Management Inc. acquired a new stake in National Vision in the second quarter valued at $201,000. Finally, Prudential Financial Inc. acquired a new stake in National Vision in the second quarter valued at $206,000.
NASDAQ EYE traded up $0.30 during trading hours on Wednesday, hitting $29.92. The company’s stock had a trading volume of 542,763 shares, compared to its average volume of 828,876. National Vision Holdings Inc has a 52 week low of $22.02 and a 52 week high of $37.53. The company has a market capitalization of $2.37 billion, a PE ratio of 66.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.56. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 1.19. The company’s 50-day simple moving average is $26.47 and its two-hundred day simple moving average is $28.00.
National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. National Vision had a net margin of 0.62% and a return on equity of 6.01%. The business had revenue of $431.90 million for the quarter, compared to analysts’ expectations of $427.83 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts anticipate that National Vision Holdings Inc will post 0.54 EPS for the current fiscal year.
A number of analysts recently weighed in on EYE shares. Wells Fargo & Co decreased their price objective on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barclays started coverage on National Vision in a report on Tuesday, November 12th. They set an “overweight” rating and a $34.00 price target for the company. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, Loop Capital upgraded National Vision from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $37.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.71.
In other news, Director Thomas V. Taylor bought 3,610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $27.59 per share, with a total value of $99,599.90. 2.60% of the stock is owned by company insiders.
National Vision Profile
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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