SG Capital Management LLC Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

SG Capital Management LLC bought a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,135,028 shares of the company's stock, valued at approximately $11,827,000. National Vision makes up approximately 1.1% of SG Capital Management LLC's holdings, making the stock its 24th largest holding. SG Capital Management LLC owned 1.44% of National Vision at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. grew its position in shares of National Vision by 4.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 28,676 shares of the company's stock valued at $298,000 after purchasing an additional 1,100 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of National Vision in the fourth quarter valued at about $207,000. Linden Thomas Advisory Services LLC grew its position in shares of National Vision by 15.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,478 shares of the company's stock valued at $286,000 after purchasing an additional 3,705 shares during the last quarter. Stoneridge Investment Partners LLC grew its position in shares of National Vision by 16.5% in the fourth 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 during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of National Vision by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 382,016 shares of the company's stock valued at $3,981,000 after purchasing an additional 11,281 shares during the last quarter.

National Vision Price Performance

EYE traded up $0.62 during midday trading on Friday, reaching $19.22. 2,782,702 shares of the company's stock were exchanged, compared to its average volume of 1,790,167. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -96.10, 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 Holdings, Inc. has a one year low of $9.56 and a one year high of $19.41. The business has a 50-day simple moving average of $13.11 and a two-hundred day simple moving average of $12.04.

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

Insider Activity

In related 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 value 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 document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on EYE. Barclays raised their price target on National Vision from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. UBS Group raised their price target on National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. Loop Capital lifted their target price on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. 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 research report on Thursday, May 8th. Four research 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.com, National Vision currently has an average rating of "Moderate Buy" and a consensus price target of $17.57.

About National Vision

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.