National Vision (NASDAQ:EYE) Trading 5.3% Higher – Time to Buy?

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) were up 5.3% during mid-day trading on Tuesday . The company traded as high as $12.21 and last traded at $12.09. Approximately 525,650 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,455,752 shares. The stock had previously closed at $11.48.

National Vision Stock Performance

The stock has a market cap of $948.94 million, a price-to-earnings ratio of -57.40, a PEG ratio of 2.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The firm has a fifty day moving average of $10.90 and a 200 day moving average of $11.81.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business had revenue of $451.50 million during the quarter, compared to the consensus estimate of $451.13 million. During the same period last year, the company earned $0.09 EPS. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.27 EPS for the current year.

Institutional Trading of National Vision

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in National Vision during the second quarter worth about $30,000. Meeder Asset Management Inc. acquired a new position in shares of National Vision in the 2nd quarter worth approximately $32,000. CWM LLC boosted its position in shares of National Vision by 44.8% during the 2nd quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after purchasing an additional 841 shares during the period. KBC Group NV increased its holdings in National Vision by 64.6% in the 3rd quarter. KBC Group NV now owns 3,291 shares of the company’s stock valued at $36,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Quarry LP purchased a new stake in National Vision in the third quarter valued at approximately $43,000.

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.