State of Alaska Department of Revenue purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 61,510 shares of the company's stock, valued at approximately $1,691,000. State of Alaska Department of Revenue owned approximately 0.08% of National Vision at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EYE. Virtu Financial LLC bought a new position in National Vision in the first quarter valued at approximately $203,000. Mirabella Financial Services LLP bought a new position in National Vision in the first quarter valued at approximately $1,977,000. Jane Street Group LLC increased its stake in National Vision by 198.2% in the first quarter. Jane Street Group LLC now owns 15,834 shares of the company's stock valued at $690,000 after acquiring an additional 10,525 shares during the last quarter. Penn Capital Management Company LLC increased its stake in National Vision by 42.7% in the first quarter. Penn Capital Management Company LLC now owns 181,451 shares of the company's stock valued at $6,875,000 after acquiring an additional 54,303 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in National Vision by 1.2% in the first quarter. Royal Bank of Canada now owns 736,927 shares of the company's stock valued at $32,108,000 after acquiring an additional 8,618 shares during the last quarter.
Get National Vision alerts:National Vision Stock Performance
Shares of National Vision stock opened at $32.43 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 0.63. National Vision Holdings, Inc. has a twelve month low of $22.59 and a twelve month high of $65.92. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.78 and a beta of 1.59. The company's fifty day moving average is $33.12 and its 200 day moving average is $33.86.
National Vision (NASDAQ:EYE – Get Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. National Vision had a net margin of 4.28% and a return on equity of 8.34%. The company had revenue of $509.60 million for the quarter, compared to analysts' expectations of $500.67 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. National Vision's revenue for the quarter was down 7.3% on a year-over-year basis. Sell-side analysts forecast that National Vision Holdings, Inc. will post 0.53 EPS for the current year.Wall Street Analyst Weigh In
A number of research analysts recently issued reports on EYE shares. The Goldman Sachs Group raised shares of National Vision from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $31.00 to $32.00 in a research note on Monday, June 27th. Morgan Stanley decreased their target price on shares of National Vision from $65.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, June 16th. Barclays boosted their target price on shares of National Vision from $28.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 17th. Finally, Guggenheim boosted their target price on shares of National Vision to $38.00 in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.00.
About National Vision
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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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