National Vision Holdings, Inc. (NASDAQ:EYE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,779 shares of the company’s stock after selling 11,329 shares during the quarter. Rhumbline Advisers owned 0.29% of National Vision worth $2,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in National Vision by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company’s stock worth $108,491,000 after buying an additional 167,735 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of National Vision by 138.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company’s stock valued at $48,719,000 after purchasing an additional 2,715,582 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of National Vision by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,702,371 shares of the company’s stock valued at $38,577,000 after purchasing an additional 30,235 shares in the last quarter. Engine Capital Management LP lifted its holdings in shares of National Vision by 127.5% in the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company’s stock valued at $26,342,000 after purchasing an additional 1,417,002 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of National Vision by 81.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company’s stock valued at $24,053,000 after purchasing an additional 1,036,459 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets set a $19.00 price target on shares of National Vision and gave the company a “market perform” rating in a report on Monday, May 19th. Bank of America raised shares of National Vision from an “underperform” rating to a “buy” rating in a report on Wednesday, May 7th. Barclays upped their price target on shares of National Vision from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Loop Capital upped their price target on shares of National Vision from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upped their price target on shares of National Vision from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.75.

Insider Activity

In other news, SVP Ravi Acharya sold 12,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 11,700 shares of the company’s stock, valued at approximately $219,375. This trade represents a 50.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.

National Vision Stock Performance

Shares of EYE opened at $21.51 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -107.54, a PEG ratio of 3.27 and a beta of 1.24. The company’s 50 day simple moving average is $16.22 and its 200 day simple moving average is $13.24. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $21.84.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $510.32 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

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.