Mackenzie Financial Corp Grows Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Mackenzie Financial Corp increased its holdings in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 26.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,485 shares of the company's stock after acquiring an additional 26,270 shares during the quarter. Mackenzie Financial Corp owned approximately 0.16% of National Vision worth $1,591,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EYE. Vanguard Group Inc. lifted its position in shares of National Vision by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock valued at $108,491,000 after buying an additional 167,735 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of National Vision by 138.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock valued at $48,719,000 after buying an additional 2,715,582 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of National Vision by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,702,371 shares of the company's stock valued at $38,577,000 after buying an additional 30,235 shares during the last quarter. Engine Capital Management LP lifted its position in shares of National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock valued at $26,342,000 after buying an additional 1,417,002 shares during the last quarter. Finally, Emerald Advisers LLC lifted its position in shares of National Vision by 35.5% during the first quarter. Emerald Advisers LLC now owns 1,343,328 shares of the company's stock valued at $17,168,000 after buying an additional 352,228 shares during the last quarter.

Insiders Place Their Bets

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

National Vision Stock Performance

EYE opened at $25.07 on Tuesday. National Vision Holdings, Inc. has a 52-week low of $9.56 and a 52-week high of $25.67. The company has a quick ratio of 0.35, a current ratio of 0.54 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.98 billion, a P/E ratio of -75.97, a price-to-earnings-growth ratio of 3.09 and a beta of 1.27. The firm's 50-day moving average price is $23.05 and its 200-day moving average price is $16.44.

National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. National Vision had a negative net margin of 1.40% and a positive return on equity of 3.44%. The company had revenue of $510.32 million for the quarter, compared to the consensus estimate of $510.30 million. During the same quarter in the prior year, the company earned $0.32 EPS. National Vision's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and increased their price target for the company from $13.00 to $21.00 in a research report on Friday, May 9th. Loop Capital increased their price target on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price target on shares of National Vision from $15.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Barclays raised shares of National Vision from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $17.00 to $30.00 in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group increased their price target on shares of National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, National Vision currently has an average rating of "Moderate Buy" and a consensus price target of $24.18.

About National Vision

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.

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