National Vision Holdings, Inc. $EYE Shares Bought 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 increased its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 110.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.07% of National Vision worth $737,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC grew its holdings in shares of National Vision by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock valued at $245,000 after buying an additional 7,221 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of National Vision during the first quarter valued at $467,000. GAMMA Investing LLC grew its holdings 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 valued at $94,000 after buying an additional 2,412 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of National Vision by 282.5% during the first quarter. SG Americas Securities LLC now owns 75,843 shares of the company's stock valued at $969,000 after buying an additional 56,017 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in National Vision in the fourth quarter valued at $860,000.

Wall Street Analysts Forecast Growth

EYE has been the topic of several recent research reports. Wall Street Zen raised shares of National Vision from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group upped their price target on shares of National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Roth Capital started coverage on shares of National Vision in a report on Wednesday, July 30th. They issued a "buy" rating and a $36.00 price target on the stock. 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 note on Wednesday, June 18th. Finally, Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, National Vision currently has a consensus rating of "Moderate Buy" and an average target price of $24.73.

National Vision Price Performance

Shares of EYE traded down $0.15 during mid-day trading on Wednesday, hitting $22.62. 1,036,585 shares of the company were exchanged, compared to its average volume of 2,096,490. National Vision Holdings, Inc. has a 1-year low of $9.56 and a 1-year high of $25.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The company has a 50 day moving average of $24.07 and a 200-day moving average of $18.64. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -125.67, a price-to-earnings-growth ratio of 2.72 and a beta of 1.23.

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

Insider Buying and Selling at National Vision

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

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.