Teza Capital Management LLC Acquires New Position in National Vision Holdings, Inc. $EYE

Key Points

• Teza Capital Management LLC purchased 11,113 shares of National Vision Holdings, valued at approximately $142,000, marking its first stake in the company.
• National Vision's stock is currently down 1.3%, with a **market cap of $1.80 billion** and a 52-week range of $9.56 to $25.67.
• Despite recent insider selling, **analysts maintain a favorable outlook**, with multiple "buy" ratings and a **target price** ranging from $24.73 to $36.00.

Teza Capital Management LLC purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,113 shares of the company's stock, valued at approximately $142,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in National Vision by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,257 shares of the company's stock worth $591,000 after buying an additional 1,948 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new stake in shares of National Vision in the first quarter valued at about $1,535,000. Engine Capital Management LP grew its position in shares of National Vision by 53.3% in the first quarter. Engine Capital Management LP now owns 3,875,701 shares of the company's stock valued at $49,531,000 after purchasing an additional 1,347,648 shares during the period. Trexquant Investment LP grew its position in shares of National Vision by 204.7% in the first quarter. Trexquant Investment LP now owns 252,668 shares of the company's stock valued at $3,229,000 after purchasing an additional 169,743 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of National Vision in the first quarter valued at about $695,000.

National Vision Trading Up 3.3%

Shares of EYE traded up $0.76 during trading on Monday, reaching $23.75. 270,665 shares of the company traded hands, compared to its average volume of 2,075,760. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $25.67. The stock has a market cap of $1.88 billion, a PE ratio of -131.94, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. The stock has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $18.91. The company has a quick ratio of 0.31, a current ratio of 0.52 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The business had revenue of $486.42 million during the quarter, compared to analysts' expectations of $469.21 million. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. On average, analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

EYE has been the topic of several research analyst reports. BMO Capital Markets set a $19.00 target price on shares of National Vision and gave the company a "market perform" rating in a research report on Monday, May 19th. The Goldman Sachs Group lifted their target price on shares of National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the company an "equal weight" rating in a research report on Thursday, August 7th. National Bankshares set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. Finally, Bank of America lifted their target price on shares of National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.73.

Insider Buying and Selling at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of National Vision stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the transaction, the chairman owned 544,795 shares in the company, valued at approximately $13,254,862.35. The trade was a 20.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.