National Vision Holdings, Inc. (NASDAQ:EYE) Short Interest Update

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 7,820,000 shares, a decline of 10.7% from the March 31st total of 8,760,000 shares. Based on an average trading volume of 987,100 shares, the days-to-cover ratio is currently 7.9 days. Approximately 10.2% of the company's shares are sold short.

Hedge Funds Weigh In On National Vision

Several institutional investors have recently modified their holdings of the business. Landscape Capital Management L.L.C. bought a new stake in shares of National Vision in the 3rd quarter worth approximately $1,103,000. Federated Hermes Inc. purchased a new position in National Vision in the 4th quarter worth approximately $2,981,000. GSA Capital Partners LLP increased its stake in National Vision by 64.0% in the third quarter. GSA Capital Partners LLP now owns 136,763 shares of the company's stock valued at $2,213,000 after acquiring an additional 53,394 shares during the last quarter. Trexquant Investment LP increased its position in shares of National Vision by 20.5% during the 3rd quarter. Trexquant Investment LP now owns 184,765 shares of the company's stock valued at $2,989,000 after purchasing an additional 31,473 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of National Vision by 40.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 133,176 shares of the company's stock worth $2,155,000 after acquiring an additional 38,292 shares in the last quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their target price on National Vision from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $23.86.

National Vision Stock Up 1.6 %

NASDAQ EYE traded up $0.28 during mid-day trading on Wednesday, hitting $17.70. The company's stock had a trading volume of 1,286,605 shares, compared to its average volume of 968,675. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $21.02 and its 200 day simple moving average is $19.73. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -20.82, a PEG ratio of 3.97 and a beta of 1.39. National Vision has a twelve month low of $13.71 and a twelve month high of $27.02.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.07. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. The business had revenue of $506.40 million during the quarter, compared to the consensus estimate of $499.49 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. National Vision's revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that National Vision will post 0.31 earnings per share for the current year.

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.

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