Deutsche Bank AG Has $6.38 Million 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 lessened its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,896 shares of the company's stock after selling 29,391 shares during the period. Deutsche Bank AG owned approximately 0.63% of National Vision worth $6,376,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of National Vision during the 1st quarter valued at about $35,000. Tower Research Capital LLC TRC lifted its stake in National Vision by 87.5% in the 4th 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 in the last quarter. GAMMA Investing LLC lifted its stake in National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after acquiring an additional 2,412 shares in the last quarter. CWM LLC lifted its stake in National Vision by 61.2% in the 1st quarter. CWM LLC now owns 11,494 shares of the company's stock valued at $147,000 after acquiring an additional 4,362 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in National Vision in the 1st quarter valued at approximately $147,000.

National Vision Stock Performance

Shares of EYE stock traded down $0.33 during trading on Thursday, reaching $23.87. 176,440 shares of the company's stock were exchanged, compared to its average volume of 2,083,657. The company has a quick ratio of 0.31, a current ratio of 0.52 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.89 billion, a PE ratio of -132.97, a PEG ratio of 2.79 and a beta of 1.27. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $25.67. The firm's fifty day moving average price is $23.88 and its 200-day moving average price is $17.47.

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

Analyst Ratings Changes

Several equities research analysts have commented on EYE shares. The Goldman Sachs Group boosted their target price on National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Bank of America boosted their target price on National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Wells Fargo & Company set a $27.00 target price on National Vision and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Barclays cut their target price on National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, Roth Capital initiated coverage on National Vision in a research note on Wednesday, July 30th. They set a "buy" rating and a $36.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.