Point72 Asset Management L.P. Makes New $860,000 Investment in National Vision Holdings, Inc. (NASDAQ:EYE)

Point72 Asset Management L.P. acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 82,518 shares of the company's stock, valued at approximately $860,000. Point72 Asset Management L.P. owned 0.10% of National Vision as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Engine Capital Management LP boosted its holdings in shares of National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after acquiring an additional 1,417,002 shares during the period. Boston Partners bought a new stake in National Vision in the 4th quarter valued at $12,594,000. Arrowstreet Capital Limited Partnership boosted its stake in National Vision by 81.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company's stock valued at $24,053,000 after purchasing an additional 1,036,459 shares during the period. FIL Ltd bought a new position in National Vision during the 4th quarter worth $2,605,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of National Vision during the fourth quarter worth $2,264,000.

Wall Street Analysts Forecast Growth

EYE has been the topic of a number of recent research reports. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and raised their price target for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. BMO Capital Markets set a $19.00 price target on shares of National Vision and gave the company a "market perform" rating in a research report on Monday, May 19th. Loop Capital increased their price target on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. UBS Group raised their price objective on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group upped their target price on National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.75.

Insider Activity at National Vision

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the transaction, the senior vice president now directly owns 11,700 shares in the company, valued at approximately $219,375. This trade represents a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

National Vision Price Performance

Shares of EYE stock traded down $0.04 during trading hours on Wednesday, reaching $18.97. The company's stock had a trading volume of 194,399 shares, compared to its average volume of 1,807,560. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $19.49. The firm's 50 day simple moving average is $14.07 and its 200-day simple moving average is $12.40. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -94.77, a PEG ratio of 3.27 and a beta of 1.02.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $510.32 million for the quarter, compared to analyst estimates of $510.30 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. National Vision's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Sell-side analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current 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.