National Vision Holdings, Inc. $EYE Shares Purchased by Comerica Bank

Key Points

• Comerica Bank increased its stake in National Vision Holdings, Inc. by 110.9% in the first quarter, owning approximately 0.07% of the company valued at $737,000 after acquiring an additional 30,344 shares.
• National Vision reported a quarterly revenue of $486.42 million, exceeding analysts' expectations, with $0.18 EPS, beating estimates by $0.06.
• Several brokerages have set new price targets for National Vision, with UBS and National Bankshares targeting a price of $30.00 per share, while Goldman Sachs has raised its target from $17.00 to $22.00.

Comerica Bank grew its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 110.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,703 shares of the company's stock after buying an additional 30,344 shares during the quarter. Comerica Bank owned 0.07% of National Vision worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of National Vision by 69.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock valued at $39,000 after buying an additional 1,230 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of National Vision by 6.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,470 shares of the company's stock valued at $234,000 after purchasing an additional 1,298 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of National Vision by 2.0% in the first quarter. Victory Capital Management Inc. now owns 79,823 shares of the company's stock valued at $1,020,000 after purchasing an additional 1,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of National Vision by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,309 shares of the company's stock valued at $462,000 after purchasing an additional 1,677 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of National Vision by 49.2% in the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after purchasing an additional 2,412 shares during the period.

National Vision Stock Down 1.2%

Shares of EYE stock traded down $0.27 during trading hours on Friday, reaching $22.99. 1,279,556 shares of the company's stock were exchanged, compared to its average volume of 1,904,092. The stock's 50 day moving average is $24.00 and its 200-day moving average is $18.82. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -127.72, a P/E/G ratio of 2.75 and a beta of 1.23. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $25.67.

National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The business had revenue of $486.42 million for the quarter, compared to the consensus estimate of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman L Reade Fahs sold 137,400 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $24.33, for a total value of $3,342,942.00. Following the transaction, the chairman directly owned 544,795 shares of the company's stock, valued at $13,254,862.35. This represents a 20.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EYE has been the subject of a number of research reports. National Bankshares set a $30.00 price target on National Vision in a report on Tuesday, July 8th. Bank of America upped their target price on National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. UBS Group restated a "buy" rating and set a $30.00 target price on shares of National Vision in a report on Tuesday, July 8th. BMO Capital Markets set a $19.00 target price on National Vision and gave the stock a "market perform" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company set a $27.00 target price on National Vision and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.73.

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.