Blueshift Asset Management LLC Purchases Shares of 76,052 National Vision Holdings, Inc. (NASDAQ:EYE)

Key Points

• Blueshift Asset Management LLC acquired 76,052 shares of National Vision Holdings, valued at approximately $972,000, representing about 0.10% ownership in the company.
• Several institutional investors increased their stakes in National Vision, with Burgundy Asset Management boosting its position by 138.6%, now holding shares valued at $48.7 million.
• National Vision posted $0.34 EPS for the most recent quarter, slightly above analysts' consensus estimates of $0.32, and reported a 5.7% year-over-year revenue increase to $510.32 million.

Blueshift Asset Management LLC purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 76,052 shares of the company's stock, valued at approximately $972,000. Blueshift Asset Management LLC owned 0.10% of National Vision at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EYE. Meeder Asset Management Inc. bought a new stake in shares of National Vision during the 1st quarter worth $35,000. Tower Research Capital LLC TRC increased its position in shares of National Vision by 87.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock valued at $73,000 after acquiring an additional 3,291 shares during the last quarter. GAMMA Investing LLC increased its position in National Vision by 49.2% in 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 last quarter. Teacher Retirement System of Texas bought a new position in shares of National Vision in the first quarter worth $147,000. Finally, CWM LLC boosted its stake in National Vision by 61.2% during the first quarter. CWM LLC now owns 11,494 shares of the company's stock valued at $147,000 after buying an additional 4,362 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EYE shares. National Bankshares set a $30.00 price objective on National Vision in a report on Tuesday, July 8th. Wall Street Zen cut National Vision from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Loop Capital upped their target price on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. UBS Group reissued a "buy" rating and issued a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. Finally, Roth Capital assumed coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a "buy" rating and a $36.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.18.

Insider Transactions at National Vision

In related news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total value of $225,000.00. Following the transaction, the senior vice president directly owned 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 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 Up 3.2%

EYE traded up $0.77 during trading on Monday, reaching $24.98. The company had a trading volume of 825,796 shares, compared to its average volume of 2,059,405. 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 business's fifty day moving average price is $23.05 and its 200 day moving average price is $16.44. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $25.67. The company has a market cap of $1.97 billion, a P/E ratio of -75.91, a PEG ratio of 3.09 and a beta of 1.27.

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

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.