Wedge Capital Management L L P NC Acquires New Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

Wedge Capital Management L L P NC bought a new position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 125,107 shares of the company's stock, valued at approximately $1,599,000. Wedge Capital Management L L P NC owned approximately 0.16% of National Vision as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased 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 worth $73,000 after acquiring an additional 3,291 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of National Vision in the fourth quarter valued at $150,000. Norges Bank bought a new stake in National Vision in the fourth quarter worth $176,000. KLP Kapitalforvaltning AS purchased a new stake in National Vision during the fourth quarter valued at $178,000. Finally, Prentice Capital Management LP purchased a new stake in National Vision during the fourth quarter valued at $200,000.

National Vision Trading Up 0.7%

EYE traded up $0.14 on Friday, reaching $21.51. 2,696,941 shares of the company traded hands, compared to its average volume of 1,877,974. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.70 billion, a P/E ratio of -107.54, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24. The firm has a fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $13.23. National Vision Holdings, Inc. has a one year low of $9.56 and a one year high of $21.84.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The firm had revenue of $510.32 million during the quarter, compared to the consensus estimate of $510.30 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EYE shares. Bank of America upgraded shares of National Vision from an "underperform" rating to a "buy" rating in a report on Wednesday, May 7th. UBS Group lifted their price target on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays boosted their price objective on National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group raised their price objective on National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company lifted their target price on National Vision from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.75.

Insider Transactions at National Vision

In other news, SVP Ravi Acharya sold 12,000 shares of the company's 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 completion of the sale, the senior vice president now owns 11,700 shares of the company's stock, valued at approximately $219,375. This represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

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.