Prentice Capital Management LP Invests $200,000 in National Vision Holdings, Inc. (NASDAQ:EYE)

Prentice Capital Management LP bought a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,230 shares of the company's stock, valued at approximately $200,000. National Vision makes up approximately 0.3% of Prentice Capital Management LP's holdings, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of EYE. Tower Research Capital LLC TRC boosted its position 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 valued at $73,000 after buying an additional 3,291 shares during the period. Guggenheim Capital LLC purchased a new stake in National Vision during the fourth quarter valued at approximately $150,000. Norges Bank purchased a new stake in National Vision during the fourth quarter valued at approximately $176,000. KLP Kapitalforvaltning AS acquired a new position in National Vision during the 4th quarter valued at approximately $178,000. Finally, Stoneridge Investment Partners LLC increased its stake in National Vision by 16.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 17,511 shares of the company's stock valued at $182,000 after purchasing an additional 2,475 shares in the last quarter.

National Vision Trading Up 3.3%

National Vision stock traded up $0.62 during midday trading on Friday, hitting $19.22. 2,782,702 shares of the stock were exchanged, compared to its average volume of 1,790,167. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $19.41. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -96.10, a PEG ratio of 3.27 and a beta of 1.02. The stock's 50-day simple moving average is $13.11 and its 200 day simple moving average is $12.04. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $510.30 million. During the same period last year, the business earned $0.32 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at National Vision

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the business'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 transaction of $225,000.00. Following the completion of the transaction, the senior vice president now owns 11,700 shares in the company, valued at $219,375. The trade was a 50.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

EYE has been the topic of a number of research reports. UBS Group increased 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. Wells Fargo & Company raised their price target 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. Barclays increased their price objective on shares of National Vision from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Loop Capital raised 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. Finally, The Goldman Sachs Group raised their price target on shares of National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.57.

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.