State of Alaska Department of Revenue reduced its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE – Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,379 shares of the company’s stock after selling 2,659 shares during the period. State of Alaska Department of Revenue owned 0.07% of National Vision worth $1,247,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in shares of National Vision by 11.4% in the second quarter. Louisiana State Employees Retirement System now owns 41,000 shares of the company’s stock worth $996,000 after acquiring an additional 4,200 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of National Vision in the second quarter worth approximately $229,000. Duality Advisers LP boosted its position in shares of National Vision by 230.9% in the first quarter. Duality Advisers LP now owns 59,830 shares of the company’s stock worth $1,127,000 after acquiring an additional 41,747 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of National Vision by 25.4% in the first quarter. William Blair Investment Management LLC now owns 8,660,721 shares of the company’s stock worth $163,168,000 after acquiring an additional 1,754,382 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of National Vision by 3,751.8% in the first quarter. Tower Research Capital LLC TRC now owns 15,330 shares of the company’s stock worth $289,000 after acquiring an additional 14,932 shares during the last quarter.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Barclays lifted their target price on National Vision from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Wells Fargo & Company cut shares of National Vision from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $30.00 to $21.00 in a research report on Thursday, July 27th. Finally, Citigroup cut shares of National Vision from a “buy” rating to a “neutral” rating and reduced their price target for the company from $28.00 to $22.00 in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.44.
National Vision Trading Down 1.4 %
NASDAQ:EYE opened at $13.91 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.36. National Vision Holdings, Inc. has a one year low of $13.71 and a one year high of $43.82. The business’s 50-day simple moving average is $17.31 and its 200 day simple moving average is $21.13. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 2.37 and a beta of 1.36.
National Vision (NASDAQ:EYE – Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. National Vision had a return on equity of 3.62% and a net margin of 1.27%. The business had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $525.89 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.
National Vision 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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