Fox Run Management L.L.C. Takes $283,000 Position in National Vision Holdings, Inc. $EYE

Key Points

• Fox Run Management L.L.C. acquired 22,162 shares of National Vision Holdings, Inc. for approximately $283,000 in the first quarter of the year.
• National Vision reported a 7.7% increase in revenue year-over-year, with earnings per share of $0.18 exceeding the consensus estimate of $0.12.
• The stock has a current market cap of $1.87 billion and is currently rated as a "Moderate Buy" with a consensus price target of $24.73.

Fox Run Management L.L.C. bought a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,162 shares of the company's stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EYE. Meeder Asset Management Inc. purchased a new position in National Vision during the 1st quarter valued at $35,000. Tower Research Capital LLC TRC increased its stake in National Vision by 87.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock worth $73,000 after purchasing an additional 3,291 shares during the period. GAMMA Investing LLC lifted its position in shares of National Vision by 49.2% during the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after purchasing an additional 2,412 shares during the last quarter. CWM LLC boosted its stake in shares of National Vision by 61.2% during the first quarter. CWM LLC now owns 11,494 shares of the company's stock valued at $147,000 after purchasing an additional 4,362 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of National Vision during the first quarter valued at $147,000.

National Vision Stock Down 3.6%

Shares of EYE traded down $0.90 during trading hours on Monday, hitting $23.93. The company had a trading volume of 1,304,969 shares, compared to its average volume of 2,289,509. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.90 billion, a PE ratio of -132.94, a price-to-earnings-growth ratio of 2.93 and a beta of 1.27. National Vision Holdings, Inc. has a one year low of $9.56 and a one year high of $25.67. The company's fifty day moving average price is $24.03 and its two-hundred day moving average price is $17.82.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, equities analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EYE. Wall Street Zen upgraded shares of National Vision from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Roth Capital assumed coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a "buy" rating and a $36.00 target price on the stock. Bank of America lifted their price target on shares of National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Wells Fargo & Company set a $27.00 price target on National Vision and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Barclays dropped their price objective on National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.73.

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.