Deutsche Bank AG Lowers Stock Holdings in National Vision Holdings, Inc. $EYE

Key Points

• Deutsche Bank AG has reduced its stake in National Vision Holdings by 5.6%, owning approximately 498,896 shares valued at about $6.38 million.
• National Vision reported a 7.7% year-over-year increase in revenue for the quarter, with earnings per share of $0.18, surpassing analyst expectations.
• Analysts have set varied price targets for National Vision, with UBS Group and Roth Capital recommending "buy" ratings and price targets of $30 and $36, respectively.

Deutsche Bank AG decreased its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 498,896 shares of the company's stock after selling 29,391 shares during the quarter. Deutsche Bank AG owned about 0.63% of National Vision worth $6,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of National Vision during the first quarter worth $35,000. Tower Research Capital LLC TRC boosted 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 worth $73,000 after acquiring an additional 3,291 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after buying an additional 2,412 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of National Vision in the 1st quarter worth $147,000. Finally, CWM LLC grew its stake in shares of National Vision by 61.2% in the 1st quarter. CWM LLC now owns 11,494 shares of the company's stock worth $147,000 after buying an additional 4,362 shares in the last quarter.

Analysts Set New Price Targets

EYE has been the subject of a number of recent research reports. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the stock a "market perform" rating in a research note on Monday, May 19th. The Goldman Sachs Group lifted their price objective on shares of National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. UBS Group reissued a "buy" rating and issued a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. Loop Capital lifted their price objective on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, National Bankshares set a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. Six research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.73.

National Vision Trading Down 0.7%

Shares of National Vision stock traded down $0.16 during trading on Thursday, hitting $24.04. The stock had a trading volume of 2,316,987 shares, compared to its average volume of 2,164,275. The firm's fifty day simple moving average is $23.93 and its 200-day simple moving average is $17.56. The stock has a market cap of $1.90 billion, a PE ratio of -133.56, a PEG ratio of 2.86 and a beta of 1.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $25.67.

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

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.