OMERS ADMINISTRATION Corp Makes New Investment in National Vision Holdings, Inc. $EYE

Key Points

• OMERS ADMINISTRATION Corp has acquired 54,400 shares of National Vision Holdings, Inc. (NASDAQ:EYE), valued at approximately $695,000, representing about 0.07% ownership.
• Chairman L Reade Fahs sold 137,400 shares of National Vision, resulting in a 20.14% decrease in his position, and now owns shares valued at approximately $13.25 million.
• National Vision reported a quarterly earnings increase with an EPS of $0.18, exceeding analysts' expectations, and a revenue rise of 7.7% year-over-year.

OMERS ADMINISTRATION Corp purchased a new position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 54,400 shares of the company's stock, valued at approximately $695,000. OMERS ADMINISTRATION Corp owned about 0.07% of National Vision at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in National Vision during the first quarter valued at $35,000. Smartleaf Asset Management LLC lifted its position in National Vision by 69.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock valued at $39,000 after purchasing an additional 1,230 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in National Vision by 87.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock valued at $73,000 after purchasing an additional 3,291 shares in the last quarter. GAMMA Investing LLC lifted its position in National Vision by 49.2% during the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after purchasing an additional 2,412 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in National Vision during the first quarter valued at $147,000.

National Vision Price Performance

Shares of NASDAQ:EYE traded up $0.37 during mid-day trading on Friday, reaching $23.48. The stock had a trading volume of 1,398,275 shares, compared to its average volume of 2,140,226. 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 cap of $1.86 billion, a P/E ratio of -130.44, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $25.67. The business's 50 day moving average price is $24.09 and its 200 day moving average price is $18.44.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $486.42 million for the quarter, compared to the consensus estimate of $469.21 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the business'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 transaction of $3,342,942.00. Following the sale, the chairman directly owned 544,795 shares of the company's stock, valued at $13,254,862.35. The trade was a 20.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

EYE has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. UBS Group reiterated a "buy" rating and set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. National Bankshares set a $30.00 target price on National Vision in a research report on Tuesday, July 8th. BMO Capital Markets set a $19.00 price target on National Vision and gave the company a "market perform" rating in a report on Monday, May 19th. Finally, 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. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.73.

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.