Wakefield Asset Management LLLP Has $1.40 Million Position in National Vision Holdings, Inc. $EYE

Wakefield Asset Management LLLP lowered its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 30.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,722 shares of the company’s stock after selling 26,417 shares during the quarter. Wakefield Asset Management LLLP owned 0.08% of National Vision worth $1,397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EYE. Meeder Asset Management Inc. acquired a new position in National Vision during the first quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its position in National Vision by 69.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after acquiring an additional 1,230 shares in the last quarter. IFP Advisors Inc bought a new stake in National Vision in the 2nd quarter valued at $83,000. GAMMA Investing LLC lifted its position in National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock valued at $94,000 after acquiring an additional 2,412 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in National Vision in the 2nd quarter valued at $128,000.

Insider Activity at National Vision

In other news, Chairman L Reade Fahs sold 137,400 shares of National Vision 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 $13,254,862.35. This trade represents a 20.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on EYE. Barclays cut their price objective on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. UBS Group reissued a “buy” rating and issued a $30.00 price objective on shares of National Vision in a research report on Tuesday, July 8th. National Bankshares set a $30.00 price objective on shares of National Vision in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Six equities 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.73.

National Vision Stock Performance

Shares of EYE stock opened at $25.75 on Friday. The company’s fifty day simple moving average is $25.74 and its 200-day simple moving average is $22.49. The company has a quick ratio of 0.31, a current ratio of 0.52 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.04 billion, a PE ratio of -143.06, a P/E/G ratio of 2.85 and a beta of 1.30. National Vision Holdings, Inc. has a 12 month low of $9.93 and a 12 month high of $29.59.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal 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.