National Vision (EYE) Trading Up 5.6%

National Vision Holdings Inc (NASDAQ:EYE)’s share price was up 5.6% on Wednesday . The company traded as high as $34.06 and last traded at $33.76. Approximately 664,354 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 384,344 shares. The stock had previously closed at $31.97.

A number of equities analysts have recently commented on EYE shares. Wells Fargo reissued a “buy” rating and issued a $45.00 target price (up previously from $37.00) on shares of National Vision in a research note on Thursday, January 18th. Guggenheim reissued a “buy” rating and issued a $46.00 target price on shares of National Vision in a research note on Tuesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.29.

The company has a market capitalization of $2.48 billion and a PE ratio of 63.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.34 and a current ratio of 0.77.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Tuesday, May 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.04). The company had revenue of $408.00 million for the quarter, compared to analysts’ expectations of $405.97 million. The company’s quarterly revenue was up 10.3% on a year-over-year basis. analysts predict that National Vision Holdings Inc will post 0.72 earnings per share for the current year.

In other news, SVP Mitchell Goodman sold 7,166 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $227,018.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Randolph Peeler sold 1,877,951 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $31.68, for a total transaction of $59,493,487.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,870,180 shares of company stock worth $376,047,302 in the last ninety days. 2.82% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EYE. TimesSquare Capital Management LLC acquired a new position in shares of National Vision in the 4th quarter valued at about $60,306,000. BlackRock Inc. acquired a new position in shares of National Vision in the 4th quarter valued at about $42,439,000. Eagle Asset Management Inc. boosted its holdings in shares of National Vision by 295.0% in the 1st quarter. Eagle Asset Management Inc. now owns 987,515 shares of the company’s stock valued at $31,906,000 after buying an additional 737,515 shares during the period. Citadel Advisors LLC boosted its holdings in shares of National Vision by 110.9% in the 1st quarter. Citadel Advisors LLC now owns 1,198,785 shares of the company’s stock valued at $38,732,000 after buying an additional 630,425 shares during the period. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of National Vision by 260.4% in the 1st quarter. Carillon Tower Advisers Inc. now owns 835,811 shares of the company’s stock valued at $26,545,000 after buying an additional 603,867 shares during the period. 97.74% of the stock is owned by institutional investors.

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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