PNC Financial Services Group Inc. lifted its position in National Vision Holdings Inc (NASDAQ:EYE) by 41.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,547 shares of the company’s stock after acquiring an additional 1,931 shares during the period. PNC Financial Services Group Inc.’s holdings in National Vision were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of National Vision by 390.2% in the first quarter. Legal & General Group Plc now owns 22,249 shares of the company’s stock valued at $719,000 after buying an additional 17,710 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of National Vision in the second quarter valued at $249,000. Wells Fargo & Company MN grew its stake in shares of National Vision by 24.5% in the second quarter. Wells Fargo & Company MN now owns 331,378 shares of the company’s stock valued at $12,119,000 after buying an additional 65,252 shares in the last quarter. Swiss National Bank bought a new position in shares of National Vision in the second quarter valued at $2,139,000. Finally, Stifel Financial Corp bought a new position in shares of National Vision in the first quarter valued at $2,084,000.

In other news, CEO L Reade Fahs sold 10,000 shares of National Vision stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $38.05, for a total transaction of $380,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director D Randolph Peeler sold 2,681,557 shares of National Vision stock in a transaction on Monday, July 30th. The stock was sold at an average price of $38.26, for a total value of $102,596,370.82. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 450 shares of company stock valued at $18,146 and have sold 16,605,427 shares valued at $635,540,111. Company insiders own 2.82% of the company’s stock.

Shares of National Vision stock opened at $45.10 on Friday. National Vision Holdings Inc has a 1 year low of $27.19 and a 1 year high of $46.63. The firm has a market cap of $3.32 billion and a price-to-earnings ratio of 85.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 0.55.

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

Several equities analysts recently weighed in on EYE shares. Zacks Investment Research cut shares of National Vision from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Wells Fargo & Co raised their target price on shares of National Vision from $40.00 to $45.00 and gave the company an “outperform” rating in a research note 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 research note on Monday, July 30th. Finally, Morgan Stanley raised their target price on shares of National Vision from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.00.

National Vision Company 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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