National Vision Holdings, Inc. (NASDAQ:EYE) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 60.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 286,809 shares of the company's stock after selling 440,353 shares during the period. Bank of America Corp DE owned about 0.36% of National Vision worth $2,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EYE. Mercer Global Advisors Inc. ADV lifted its stake in National Vision by 6.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,470 shares of the company's stock worth $234,000 after purchasing an additional 1,298 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of National Vision by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,211 shares of the company's stock valued at $471,000 after purchasing an additional 1,394 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in National Vision by 16.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 17,511 shares of the company's stock valued at $182,000 after buying an additional 2,475 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of National Vision by 87.5% in the 4th 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. Finally, MetLife Investment Management LLC lifted its position in National Vision by 9.7% during the 4th quarter. MetLife Investment Management LLC now owns 49,449 shares of the company's stock valued at $515,000 after acquiring an additional 4,367 shares during the period.

Insider Activity

In related news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 11,700 shares of the company's stock, valued at approximately $219,375. The trade was a 50.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock.

National Vision Stock Performance

EYE stock traded up $1.38 during trading on Monday, reaching $21.19. The company had a trading volume of 4,168,687 shares, compared to its average volume of 1,845,146. The firm has a 50-day simple moving average of $14.44 and a 200-day simple moving average of $12.58. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -105.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $21.89.

National Vision (NASDAQ:EYE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. 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 business earned $0.32 EPS. National Vision's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

EYE has been the subject of several recent analyst reports. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $21.00 in a report on Friday, May 9th. Barclays increased their price target on National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Bank of America raised shares of National Vision from an "underperform" rating to a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets set a $19.00 target price on shares of National Vision and gave the company a "market perform" rating in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.75.

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.