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

Mackenzie Financial Corp lifted its position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 26.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,485 shares of the company's stock after purchasing an additional 26,270 shares during the quarter. Mackenzie Financial Corp owned about 0.16% of National Vision worth $1,591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EYE. Tower Research Capital LLC TRC lifted its holdings in shares of 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 during the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 2,412 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in National Vision during the first quarter valued at approximately $147,000. CWM LLC lifted 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 valued at $147,000 after purchasing an additional 4,362 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of National Vision in the 4th quarter valued at approximately $150,000.

Insiders Place Their Bets

In other news, SVP Ravi Acharya sold 12,000 shares of National Vision stock in a transaction 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 transaction, the senior vice president directly owned 11,700 shares in the company, valued at approximately $219,375. This trade represents a 50.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

National Vision Trading Down 6.2%

Shares of NASDAQ EYE traded down $1.50 during trading hours on Friday, reaching $22.67. The stock had a trading volume of 989,165 shares, compared to its average volume of 2,094,293. National Vision Holdings, Inc. has a 52-week low of $9.56 and a 52-week high of $25.67. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -126.06, a P/E/G ratio of 3.05 and a beta of 1.27. The business's fifty day moving average price is $23.47 and its two-hundred day moving average price is $16.74. The company has a current ratio of 0.52, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share 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 analysts' expectations of $469.21 million. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. Analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their price target on National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday. Loop Capital lifted their price target 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. Wells Fargo & Company increased their price objective on shares of National Vision from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, National Bankshares set a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently 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.