Engine Capital Management LP lifted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 127.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,528,053 shares of the company's stock after purchasing an additional 1,417,002 shares during the period. National Vision accounts for about 4.8% of Engine Capital Management LP's holdings, making the stock its 9th biggest position. Engine Capital Management LP owned approximately 3.21% of National Vision worth $26,342,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in National Vision by 309.2% during the fourth quarter. GAMMA Investing LLC now owns 4,906 shares of the company's stock valued at $51,000 after acquiring an additional 3,707 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in National Vision by 4.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,676 shares of the company's stock worth $298,000 after purchasing an additional 1,100 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of National Vision in the 4th quarter worth about $207,000. Linden Thomas Advisory Services LLC grew its position in shares of National Vision by 15.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,478 shares of the company's stock worth $286,000 after buying an additional 3,705 shares during the period. Finally, Stoneridge Investment Partners LLC grew its position in shares of National Vision by 16.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 17,511 shares of the company's stock worth $182,000 after buying an additional 2,475 shares during the period.
National Vision Stock Up 1.2%
NASDAQ:EYE traded up $0.22 during mid-day trading on Wednesday, reaching $19.08. The company's stock had a trading volume of 3,187,469 shares, compared to its average volume of 1,768,011. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $19.40. The stock has a fifty day moving average of $12.70 and a 200-day moving average of $11.85. The firm has a market capitalization of $1.51 billion, a PE ratio of -95.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30.
National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 EPS 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 business had revenue of $510.32 million during the quarter, compared to analyst estimates of $510.30 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group lifted their price objective 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. Morgan Stanley reduced their price objective on shares of National Vision from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Bank of America raised shares of National Vision from an "underperform" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, UBS Group lifted their price objective 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.57.
Read Our Latest Stock Analysis on National Vision
About National Vision
(
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.
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