Bank of New York Mellon Corp raised its stake in National Vision Holdings Inc (NASDAQ:EYE) by 17.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 322,699 shares of the company’s stock after purchasing an additional 47,596 shares during the period. Bank of New York Mellon Corp’s holdings in National Vision were worth $11,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in National Vision in the second quarter valued at $249,000. Engineers Gate Manager LP acquired a new position in National Vision in the first quarter valued at $267,000. Barclays PLC boosted its stake in National Vision by 225.9% in the first quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after acquiring an additional 6,578 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in National Vision by 69.8% in the first quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after acquiring an additional 4,479 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in National Vision in the first quarter valued at $508,000.

EYE has been the subject of a number of research reports. Zacks Investment Research raised shares of National Vision from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Wells Fargo & Co upped their target price on shares of National Vision from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Jefferies Financial Group set a $45.00 target price on shares of National Vision and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Morgan Stanley upped their target price on shares of National Vision from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.67.

In related news, CFO Patrick R. Moore sold 51,874 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $1,984,699.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO L Reade Fahs sold 10,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $44.43, for a total transaction of $444,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 450 shares of company stock valued at $18,146 and have sold 16,578,950 shares valued at $634,393,127. Corporate insiders own 2.82% of the company’s stock.

Shares of NASDAQ:EYE opened at $43.34 on Monday. National Vision Holdings Inc has a one year low of $27.19 and a one year high of $46.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 0.55. The stock has a market capitalization of $3.27 billion and a PE ratio of 81.77.

National Vision (NASDAQ:EYE) last announced its earnings results on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The business had revenue of $385.53 million during the quarter, compared to analysts’ expectations of $371.40 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts predict that National Vision Holdings Inc will post 0.62 EPS for the current year.

National Vision Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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