Blueshift Asset Management LLC Invests $972,000 in National Vision Holdings, Inc. (NASDAQ:EYE)

Blueshift Asset Management LLC bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 76,052 shares of the company's stock, valued at approximately $972,000. Blueshift Asset Management LLC owned approximately 0.10% of National Vision as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of National Vision by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock valued at $108,491,000 after acquiring an additional 167,735 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of National Vision by 138.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock valued at $48,719,000 after acquiring an additional 2,715,582 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of National Vision by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,702,371 shares of the company's stock valued at $38,577,000 after acquiring an additional 30,235 shares in the last quarter. Engine Capital Management LP lifted its position in shares of National Vision by 127.5% in the 4th quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock valued at $26,342,000 after acquiring an additional 1,417,002 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of National Vision by 81.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company's stock valued at $24,053,000 after acquiring an additional 1,036,459 shares in the last quarter.

Insider Transactions at National Vision

In related news, SVP Ravi Acharya sold 12,000 shares of the firm'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 transaction, the senior vice president directly owned 11,700 shares in the company, valued at approximately $219,375. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.70% of the company's stock.

National Vision Stock Down 0.2%

Shares of EYE traded down $0.05 during mid-day trading on Friday, hitting $24.21. 1,809,928 shares of the company's stock were exchanged, compared to its average volume of 1,914,885. The firm has a fifty day moving average of $22.94 and a two-hundred day moving average of $16.27. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $25.67. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -73.36, a P/E/G ratio of 3.44 and a beta of 1.27. The company has a quick ratio of 0.35, a current ratio of 0.54 and a debt-to-equity ratio of 0.29.

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

Analysts Set New Price Targets

A number of research firms have issued reports on EYE. BMO Capital Markets set a $19.00 target price on shares of National Vision and gave the stock a "market perform" rating in a research report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of National Vision from $15.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 23rd. National Bankshares set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. Bank of America increased their target price on shares of National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Barclays upgraded shares of National Vision from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $17.00 to $30.00 in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.18.

About National Vision

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.