Banque Pictet & Cie SA Purchases New Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Banque Pictet & Cie SA purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,217 shares of the company's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in National Vision by 87.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock valued at $73,000 after buying an additional 3,291 shares in the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 2,412 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of National Vision during the first quarter worth about $147,000. Guggenheim Capital LLC acquired a new stake in shares of National Vision during the fourth quarter worth about $150,000. Finally, Norges Bank acquired a new stake in shares of National Vision during the fourth quarter worth about $176,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EYE shares. Bank of America boosted their price target on National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen raised National Vision from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup upgraded National Vision from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. National Bankshares set a $30.00 target price on National Vision in a research report on Tuesday. Finally, BMO Capital Markets set a $19.00 target price on National Vision and gave the stock a "market perform" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.10.

National Vision Price Performance

Shares of NASDAQ:EYE traded down $0.08 during trading on Friday, hitting $24.46. 1,368,747 shares of the stock were exchanged, compared to its average volume of 1,908,242. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $25.39. The company has a current ratio of 0.54, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $20.87 and a two-hundred day moving average price of $14.88. The company has a market cap of $1.93 billion, a PE ratio of -74.12, a P/E/G ratio of 3.60 and a beta of 1.27.

National Vision (NASDAQ:EYE - Get Free Report) last posted 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 positive return on equity of 3.44% and a negative net margin of 1.40%. The firm had revenue of $510.32 million for the quarter, compared to analyst estimates of $510.30 million. During the same quarter in the prior year, the company earned $0.32 EPS. National Vision's revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction on 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 directly owned 11,700 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 2.70% of the company's stock.

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.