Fortis Group Advisors LLC Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Fortis Group Advisors LLC bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 41,729 shares of the company's stock, valued at approximately $533,000. Fortis Group Advisors LLC owned 0.05% of National Vision at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EYE. ProShare Advisors LLC increased its position 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 worth $245,000 after purchasing an additional 7,221 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of National Vision during the first quarter worth approximately $467,000. GAMMA Investing LLC increased its position 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 worth $94,000 after purchasing an additional 2,412 shares in the last quarter. SG Americas Securities LLC increased its position 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 worth $969,000 after purchasing an additional 56,017 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of National Vision during the fourth quarter worth approximately $860,000.

Insider Activity

In other news, SVP Ravi Acharya sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the sale, the senior vice president directly owned 11,700 shares of the company's stock, valued at $219,375. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on EYE shares. BMO Capital Markets set a $19.00 target price on National Vision and gave the company a "market perform" rating in a report on Monday, May 19th. UBS Group reiterated a "buy" rating and set a $30.00 price target on shares of National Vision in a report on Tuesday, July 8th. National Bankshares set a $30.00 price target on National Vision in a report on Tuesday, July 8th. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and increased their target price for the stock from $13.00 to $21.00 in a research note on Friday, May 9th. Finally, Barclays raised 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 note on Tuesday, July 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $22.10.

National Vision Price Performance

NASDAQ:EYE remained flat at $25.09 during mid-day trading on Friday. The company had a trading volume of 1,833,917 shares, compared to its average volume of 1,916,338. The company has a 50-day moving average of $21.87 and a 200 day moving average of $15.45. The firm has a market capitalization of $1.98 billion, a PE ratio of -76.03, a P/E/G ratio of 3.68 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.54 and a quick ratio of 0.35. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $25.52.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $510.30 million. National Vision had a positive return on equity of 3.44% and a negative net margin of 1.40%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. As a group, research analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current 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.