Rhumbline Advisers Has $2.94 Million Stock Holdings in National Vision Holdings, Inc. $EYE

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

Several other hedge funds and other institutional investors also recently modified their holdings of EYE. Meeder Asset Management Inc. bought a new stake in National Vision during the 1st quarter worth $35,000. Smartleaf Asset Management LLC raised its stake in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after buying an additional 1,230 shares during the period. GAMMA Investing LLC raised its stake in National Vision by 49.2% during the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock worth $94,000 after buying an additional 2,412 shares during the period. Teza Capital Management LLC acquired a new position in National Vision during the 1st quarter worth approximately $142,000. Finally, CWM LLC raised its stake in National Vision by 61.2% during the 1st quarter. CWM LLC now owns 11,494 shares of the company’s stock worth $147,000 after buying an additional 4,362 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Roth Capital initiated coverage on National Vision in a report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price objective for the company. Bank of America increased their price objective on National Vision from $22.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Barclays reduced their price objective on National Vision from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. National Bankshares set a $30.00 target price on National Vision in a research report on Tuesday, July 8th. Finally, BMO Capital Markets set a $19.00 price objective on National Vision and gave the stock a “market perform” rating in a research report on Monday, May 19th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Vision presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.73.

Insider Activity at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the transaction, the chairman owned 544,795 shares of the company’s stock, valued at approximately $13,254,862.35. This trade represents a 20.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

National Vision Trading Up 2.7%

Shares of EYE stock opened at $23.61 on Tuesday. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $25.67. The firm has a fifty day moving average price of $24.01 and a 200-day moving average price of $18.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -131.17, a PEG ratio of 2.71 and a beta of 1.23.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The company had revenue of $486.42 million during the quarter, compared to the consensus estimate of $469.21 million. During the same quarter in the prior year, the firm posted $0.15 EPS. National Vision’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current 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.