Free Trial

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

National Vision logo with Consumer Staples background

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.

View Our Latest Report on National Vision

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

Should You Invest $1,000 in National Vision Right Now?

Before you consider National Vision, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Vision wasn't on the list.

While National Vision currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines