National Vision (NASDAQ:EYE) Sees Large Volume Increase

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) saw unusually-strong trading volume on Wednesday . Approximately 4,312,595 shares changed hands during mid-day trading, an increase of 284% from the previous session’s volume of 1,122,394 shares.The stock last traded at $12.43 and had previously closed at $12.48.

Analyst Upgrades and Downgrades

Separately, Barclays cut their target price on shares of National Vision from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.60.

National Vision Trading Down 0.4 %

The firm has a market cap of $976.50 million, a PE ratio of -13.51, a PEG ratio of 2.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 0.69. The stock’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $18.72.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. The business had revenue of $542.52 million for the quarter, compared to analyst estimates of $557.47 million. On average, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at National Vision

In related news, Director D Randolph Peeler bought 34,000 shares of the stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $14.45 per share, for a total transaction of $491,300.00. Following the completion of the purchase, the director now directly owns 182,880 shares of the company’s stock, valued at $2,642,616. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director D Randolph Peeler purchased 34,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $14.45 per share, with a total value of $491,300.00. Following the completion of the acquisition, the director now owns 182,880 shares of the company’s stock, valued at approximately $2,642,616. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO L Reade Fahs acquired 20,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $14.96 per share, with a total value of $299,200.00. Following the transaction, the chief executive officer now owns 633,097 shares of the company’s stock, valued at approximately $9,471,131.12. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EYE. Quadrant Capital Group LLC increased its position in shares of National Vision by 252.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,214 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of National Vision by 165,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after purchasing an additional 4,959 shares during the last quarter. Headlands Technologies LLC purchased a new position in National Vision during the fourth quarter worth approximately $131,000. PNC Financial Services Group Inc. grew its holdings in National Vision by 56.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,669 shares of the company’s stock valued at $140,000 after buying an additional 2,400 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in National Vision in the 4th quarter valued at $219,000.

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.