Allspring Global Investments Holdings LLC Boosts Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

Allspring Global Investments Holdings LLC lifted its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 141.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 993,558 shares of the company's stock after purchasing an additional 582,353 shares during the period. Allspring Global Investments Holdings LLC owned about 1.26% of National Vision worth $12,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in National Vision during the first quarter worth $467,000. SG Americas Securities LLC grew its holdings in shares of National Vision by 282.5% during the first quarter. SG Americas Securities LLC now owns 75,843 shares of the company's stock worth $969,000 after buying an additional 56,017 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 2,412 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of National Vision during the first quarter worth $1,599,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of National Vision during the fourth quarter worth $2,264,000.

National Vision Trading Down 2.4%

Shares of EYE traded down $0.57 during mid-day trading on Monday, reaching $23.33. The stock had a trading volume of 2,367,745 shares, compared to its average volume of 1,912,477. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.54 and a quick ratio of 0.35. National Vision Holdings, Inc. has a 52-week low of $9.56 and a 52-week high of $24.69. The business's fifty day moving average is $19.91 and its 200 day moving average is $14.55. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -70.69, a P/E/G ratio of 3.50 and a beta of 1.27.

National Vision (NASDAQ:EYE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $510.32 million during the quarter, compared to analyst estimates of $510.30 million. National Vision had a negative net margin of 1.40% and a positive return on equity of 3.44%. National Vision's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Ravi Acharya sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 owned 11,700 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EYE shares. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and upped their target price for the stock from $13.00 to $21.00 in a report on Friday, May 9th. Barclays upped their target price on shares of National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. BMO Capital Markets set a $19.00 target price on shares of National Vision and gave the stock a "market perform" rating in a report on Monday, May 19th. Loop Capital upped their target price on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price objective on shares of National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.67.

National Vision Company 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.