National Vision Holdings Inc (EYE) CEO L Reade Fahs Sells 10,000 Shares

National Vision Holdings Inc (NASDAQ:EYE) CEO L Reade Fahs sold 10,000 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $35.28, for a total value of $352,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

L Reade Fahs also recently made the following trade(s):

  • On Wednesday, November 7th, L Reade Fahs sold 10,000 shares of National Vision stock. The shares were sold at an average price of $44.21, for a total value of $442,100.00.
  • On Wednesday, October 3rd, L Reade Fahs sold 10,000 shares of National Vision stock. The shares were sold at an average price of $43.76, for a total value of $437,600.00.

NASDAQ:EYE traded down $3.16 on Friday, hitting $32.36. The stock had a trading volume of 1,445,046 shares, compared to its average volume of 1,150,009. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 3.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.57 and a current ratio of 1.07. National Vision Holdings Inc has a 52-week low of $29.55 and a 52-week high of $46.63.

National Vision (NASDAQ:EYE) last announced its earnings results on Tuesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $387.40 million for the quarter, compared to analysts’ expectations of $374.81 million. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities analysts forecast that National Vision Holdings Inc will post 0.53 earnings per share for the current fiscal year.

Several equities research analysts recently commented on EYE shares. Citigroup increased their price objective on National Vision from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Jefferies Financial Group set a $50.00 price objective on National Vision and gave the company a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised National Vision from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, September 26th. ValuEngine cut National Vision from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Barclays started coverage on National Vision in a research report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.13.

A number of large investors have recently made changes to their positions in EYE. Prudential Financial Inc. purchased a new position in National Vision in the third quarter worth about $204,000. Bank of Montreal Can boosted its position in National Vision by 1,774.4% in the third quarter. Bank of Montreal Can now owns 4,536 shares of the company’s stock worth $205,000 after purchasing an additional 4,294 shares during the last quarter. GSA Capital Partners LLP purchased a new position in National Vision in the third quarter worth about $235,000. PNC Financial Services Group Inc. boosted its position in National Vision by 41.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock worth $239,000 after purchasing an additional 1,931 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in National Vision in the third quarter worth about $247,000.

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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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