Teza Capital Management LLC Buys Shares of 11,113 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 bought a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,113 shares of the company's stock, valued at approximately $142,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of National Vision by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 10,568,579 shares of the company's stock valued at $135,066,000 after purchasing an additional 156,741 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of National Vision by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 4,996,104 shares of the company's stock valued at $63,850,000 after purchasing an additional 320,565 shares during the last quarter. Engine Capital Management LP lifted its holdings in shares of National Vision by 53.3% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in National Vision by 12.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,776,285 shares of the company's stock valued at $22,701,000 after acquiring an additional 193,154 shares during the last quarter. Finally, Emerald Advisers LLC raised its stake in National Vision by 35.5% during the 1st quarter. Emerald Advisers LLC now owns 1,343,328 shares of the company's stock valued at $17,168,000 after acquiring an additional 352,228 shares during the last quarter.

Insiders Place Their Bets

In related news, Chairman L Reade Fahs sold 137,400 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 544,795 shares of the company's stock, valued at $13,254,862.35. This trade represents a 20.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on EYE shares. National Bankshares set a $30.00 price objective on National Vision in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating and set a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. Wells Fargo & Company set a $27.00 price objective on National Vision and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Roth Capital started coverage on National Vision in a research note on Wednesday, July 30th. They set a "buy" rating and a $36.00 price objective for the company. Finally, Wall Street Zen raised National Vision from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, National Vision has a consensus rating of "Moderate Buy" and an average target price of $24.73.

National Vision Price Performance

NASDAQ EYE traded down $0.27 during mid-day trading on Friday, hitting $22.99. The stock had a trading volume of 1,279,556 shares, compared to its average volume of 1,904,092. National Vision Holdings, Inc. has a 52-week low of $9.56 and a 52-week high of $25.67. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -127.72, a P/E/G ratio of 2.75 and a beta of 1.23. The company has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $18.86. 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 released its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The firm had revenue of $486.42 million during the quarter, compared to the consensus estimate of $469.21 million. During the same period last year, the business posted $0.15 EPS. National Vision's quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

National Vision Profile

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.