Invesco Ltd. Has $7.67 Million Stock Holdings in National Vision Holdings, Inc. $EYE

Key Points

• Invesco Ltd. has reduced its stake in National Vision Holdings by 6.2%, now owning approximately 600,108 shares valued at $7.67 million.
• National Vision reported a quarterly earnings per share (EPS) of $0.18, surpassing analyst expectations of $0.12, along with a revenue increase of 7.7% year-over-year.
• Several institutional investors have modified their holdings in National Vision, with Headlands Technologies LLC increasing its stake by 73.5% in the first quarter.

Invesco Ltd. trimmed its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 600,108 shares of the company's stock after selling 39,930 shares during the quarter. Invesco Ltd. owned about 0.76% of National Vision worth $7,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC lifted its stake in shares of National Vision by 73.5% in the first quarter. Headlands Technologies LLC now owns 38,806 shares of the company's stock worth $496,000 after buying an additional 16,444 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of National Vision by 12.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,776,285 shares of the company's stock worth $22,701,000 after buying an additional 193,154 shares during the last quarter. Highland Peak Capital LLC acquired a new stake in shares of National Vision in the first quarter worth $4,863,000. Vanguard Group Inc. lifted its stake in shares of National Vision by 1.5% in the first quarter. Vanguard Group Inc. now owns 10,568,579 shares of the company's stock worth $135,066,000 after buying an additional 156,741 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of National Vision in the first quarter worth $972,000.

National Vision Stock Performance

Shares of EYE stock opened at $23.93 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The stock has a market cap of $1.90 billion, a PE ratio of -132.94, a price-to-earnings-growth ratio of 2.93 and a beta of 1.27. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $17.82. National Vision Holdings, Inc. has a one year low of $9.56 and a one year high of $25.67.

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

Wall Street Analyst Weigh In

EYE has been the subject of a number of analyst reports. UBS Group restated a "buy" rating and issued a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. 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 report on Thursday, August 7th. Bank of America boosted their target price on shares of National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen raised shares of National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, National Bankshares set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.73.

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.

Want to see what other hedge funds are holding EYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Vision Holdings, Inc. (NASDAQ:EYE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.