Rhumbline Advisers increased its stake in National Vision Holdings Inc (NASDAQ:EYE) by 9.2% in the third quarter, Holdings Channel.com reports. The firm owned 98,024 shares of the company’s stock after purchasing an additional 8,260 shares during the quarter. Rhumbline Advisers’ holdings in National Vision were worth $2,359,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors Inc. boosted its position in shares of National Vision by 8.5% during the second quarter. Wasatch Advisors Inc. now owns 2,189,748 shares of the company’s stock worth $67,291,000 after buying an additional 171,174 shares during the period. Riverbridge Partners LLC acquired a new position in National Vision during the 2nd quarter worth approximately $31,247,000. Envestnet Asset Management Inc. boosted its position in National Vision by 8.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,490 shares of the company’s stock worth $614,000 after acquiring an additional 1,936 shares during the last quarter. Morgan Stanley boosted its position in National Vision by 137.0% during the 2nd quarter. Morgan Stanley now owns 55,970 shares of the company’s stock worth $1,719,000 after acquiring an additional 32,357 shares during the last quarter. Finally, CWM LLC boosted its position in National Vision by 32.9% during the 2nd quarter. CWM LLC now owns 140,744 shares of the company’s stock worth $4,325,000 after acquiring an additional 34,869 shares during the last quarter.
EYE has been the subject of a number of recent research reports. UBS Group upped their price target on National Vision from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Co dropped their price objective on National Vision from $37.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Loop Capital raised National Vision from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $37.00 in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $37.60.
NASDAQ:EYE traded down $0.37 during trading hours on Wednesday, hitting $26.65. 471,900 shares of the stock traded hands, compared to its average volume of 843,231. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 1.19. National Vision Holdings Inc has a 1 year low of $22.02 and a 1 year high of $42.67. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 59.22, a price-to-earnings-growth ratio of 2.95 and a beta of 1.43. The stock has a 50 day moving average price of $24.30 and a 200 day moving average price of $27.85.
National Vision (NASDAQ:EYE) last released its earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. National Vision had a net margin of 0.62% and a return on equity of 6.01%. The company had revenue of $431.90 million for the quarter, compared to analysts’ expectations of $427.83 million. During the same quarter in the previous year, the company earned $0.12 EPS. National Vision’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts forecast that National Vision Holdings Inc will post 0.55 earnings per share for the current fiscal year.
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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