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

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

Several other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of National Vision during the first quarter worth about $467,000. SG Americas Securities LLC boosted its stake 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 during the period. GAMMA Investing LLC boosted its stake 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 during the period. Wedge Capital Management L L P NC acquired a new stake in shares of National Vision during the first quarter worth about $1,599,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of National Vision during the fourth quarter worth about $2,264,000.

National Vision Price Performance

National Vision stock traded down $0.27 during mid-day trading on Friday, reaching $23.90. The company had a trading volume of 1,076,297 shares, compared to its average volume of 1,910,648. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $24.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.54 and a quick ratio of 0.35. The company has a market capitalization of $1.89 billion, a P/E ratio of -72.41, a P/E/G ratio of 3.50 and a beta of 1.27. The stock's 50-day simple moving average is $19.69 and its 200-day simple moving average is $14.45.

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

Insider Buying and Selling at National Vision

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 transaction of $225,000.00. Following the completion of the transaction, the senior vice president directly owned 11,700 shares of the company's stock, valued at $219,375. This trade represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EYE. Barclays increased their target price on shares of National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Citigroup upgraded shares of National Vision from a "neutral" rating to a "buy" rating and raised their price objective for the company from $13.00 to $21.00 in a research report on Friday, May 9th. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the company a "market perform" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their price objective on shares of National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Bank of America raised their price objective on shares of National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.67.

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.