Fmr LLC Acquires 354,802 Shares of National Vision Holdings Inc (EYE)

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Fmr LLC lifted its holdings in National Vision Holdings Inc (NASDAQ:EYE) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,113,846 shares of the company’s stock after buying an additional 354,802 shares during the quarter. Fmr LLC owned approximately 9.43% of National Vision worth $260,153,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in National Vision by 81.4% in the 1st quarter. BlackRock Inc. now owns 1,895,348 shares of the company’s stock worth $61,240,000 after purchasing an additional 850,315 shares in the last quarter. Brown Advisory Inc. bought a new position in National Vision in the 2nd quarter worth about $17,889,000. Carillon Tower Advisers Inc. boosted its stake in National Vision by 31.6% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,099,946 shares of the company’s stock worth $40,225,000 after purchasing an additional 264,135 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in National Vision by 26.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,248,714 shares of the company’s stock worth $45,665,000 after purchasing an additional 261,199 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in National Vision by 72.1% in the 1st quarter. Northern Trust Corp now owns 317,240 shares of the company’s stock worth $10,250,000 after purchasing an additional 132,886 shares in the last quarter.

In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $44.43, for a total transaction of $444,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Vaught sold 26,477 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $43.32, for a total transaction of $1,146,983.64. The disclosure for this sale can be found here. Insiders have sold a total of 46,477 shares of company stock worth $2,028,884 in the last 90 days. Company insiders own 2.82% of the company’s stock.

A number of brokerages recently issued reports on EYE. Zacks Investment Research cut shares of National Vision from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. William Blair began coverage on shares of National Vision in a research note on Wednesday, October 3rd. They issued an “outperform” rating on the stock. Barclays began coverage on shares of National Vision in a research note on Tuesday, October 2nd. They issued an “equal weight” rating and a $50.00 price target on the stock. ValuEngine upgraded shares of National Vision from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 9th. Finally, Jefferies Financial Group set a $45.00 price target on shares of National Vision and gave the stock a “buy” rating in a research note on Monday, July 30th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.00.

EYE opened at $41.43 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.11 billion and a price-to-earnings ratio of 78.17. National Vision Holdings Inc has a 52-week low of $27.68 and a 52-week high of $46.63.

National Vision (NASDAQ:EYE) last posted its earnings results on Tuesday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $385.53 million for the quarter, compared to analysts’ expectations of $371.40 million. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, analysts expect that National Vision Holdings Inc will post 0.66 EPS for the current year.

National Vision Company 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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