Sterling Capital Management LLC Boosts Stake in National Vision Holdings Inc (EYE)

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Sterling Capital Management LLC lifted its stake in shares of National Vision Holdings Inc (NASDAQ:EYE) by 39.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 67,770 shares of the company’s stock after buying an additional 19,063 shares during the quarter. Sterling Capital Management LLC’s holdings in National Vision were worth $2,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EYE. Wells Fargo & Company MN lifted its stake in shares of National Vision by 189.6% during the 1st quarter. Wells Fargo & Company MN now owns 266,126 shares of the company’s stock worth $8,599,000 after buying an additional 174,219 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of National Vision by 66.5% during the 1st quarter. Rhumbline Advisers now owns 20,515 shares of the company’s stock worth $663,000 after buying an additional 8,196 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of National Vision by 49.7% during the 1st quarter. American Century Companies Inc. now owns 195,243 shares of the company’s stock worth $6,308,000 after buying an additional 64,838 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of National Vision by 100.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 143,972 shares of the company’s stock worth $4,652,000 after buying an additional 72,093 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of National Vision during the 1st quarter worth about $267,000.

NASDAQ:EYE opened at $44.68 on Friday. National Vision Holdings Inc has a 52 week low of $27.19 and a 52 week high of $46.63. The stock has a market cap of $3.39 billion and a P/E ratio of 74.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.55 and a current ratio of 1.05.

National Vision (NASDAQ:EYE) last released its earnings results on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The firm had revenue of $385.53 million for the quarter, compared to analyst estimates of $371.40 million. During the same period last year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. equities research analysts anticipate that National Vision Holdings Inc will post 0.62 earnings per share for the current year.

In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $44.43, for a total value of $444,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 11,452,321 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $438,165,801.46. The disclosure for this sale can be found here. Over the last three months, insiders acquired 450 shares of company stock worth $18,146 and sold 16,585,169 shares worth $634,635,481. 2.82% of the stock is owned by company insiders.

A number of equities analysts recently commented on EYE shares. Zacks Investment Research raised shares of National Vision from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Jefferies Financial Group set a $50.00 price target on shares of National Vision and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Bank of America raised their price target on shares of National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Finally, Citigroup raised their price target on shares of National Vision from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $43.67.

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 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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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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