Oppenheimer Asset Management Inc. Buys Shares of 8,836 National Vision Holdings, Inc. $EYE

Oppenheimer Asset Management Inc. acquired a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,836 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in National Vision by 1.5% during the first quarter. Vanguard Group Inc. now owns 10,568,579 shares of the company’s stock valued at $135,066,000 after acquiring an additional 156,741 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of National Vision by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 4,996,104 shares of the company’s stock valued at $63,850,000 after purchasing an additional 320,565 shares in the last quarter. Engine Capital Management LP grew its position in shares of National Vision by 53.3% during the 1st quarter. Engine Capital Management LP now owns 3,875,701 shares of the company’s stock valued at $49,531,000 after purchasing an additional 1,347,648 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of National Vision during the 2nd quarter valued at $81,908,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of National Vision by 12.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,776,285 shares of the company’s stock valued at $22,701,000 after purchasing an additional 193,154 shares in the last quarter.

National Vision Stock Up 2.4%

Shares of EYE opened at $26.38 on Tuesday. The firm has a market cap of $2.09 billion, a P/E ratio of -146.56, a P/E/G ratio of 2.85 and a beta of 1.33. The stock has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $22.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. National Vision Holdings, Inc. has a 1 year low of $9.93 and a 1 year high of $29.59.

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

Insider Activity

In other news, Chairman L Reade Fahs sold 137,400 shares of the company’s stock in a transaction on 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 sale, the chairman owned 544,795 shares of the company’s stock, valued at approximately $13,254,862.35. This represents a 20.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EYE. Wells Fargo & Company set a $27.00 target price on National Vision and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their price objective on National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. National Bankshares set a $30.00 price objective on National Vision in a report on Tuesday, July 8th. UBS Group reissued a “buy” rating and set a $30.00 price objective on shares of National Vision in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, National Vision currently has an average rating of “Hold” and a consensus price target of $24.73.

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.