National Vision Holdings Inc (EYE) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of National Vision Holdings Inc (NASDAQ:EYE) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 969,154 shares of the company’s stock after acquiring an additional 46,110 shares during the period. Victory Capital Management Inc.’s holdings in National Vision were worth $30,461,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EYE. Pearl River Capital LLC raised its position in shares of National Vision by 93.6% in the 1st quarter. Pearl River Capital LLC now owns 4,600 shares of the company’s stock valued at $144,000 after acquiring an additional 2,224 shares during the period. Joseph P. Lucia & Associates LLC acquired a new stake in shares of National Vision in the 1st quarter valued at approximately $700,000. Eagle Asset Management Inc. raised its position in shares of National Vision by 2.9% in the 1st quarter. Eagle Asset Management Inc. now owns 2,200,319 shares of the company’s stock valued at $69,156,000 after acquiring an additional 62,975 shares during the period. AMI Asset Management Corp raised its position in shares of National Vision by 0.7% in the 1st quarter. AMI Asset Management Corp now owns 305,775 shares of the company’s stock valued at $9,611,000 after acquiring an additional 1,985 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of National Vision by 1,862.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,660 shares of the company’s stock valued at $461,000 after acquiring an additional 13,913 shares during the period.

In related news, SVP Chris Beasley sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $26.99, for a total value of $674,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO L Reade Fahs sold 35,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.33, for a total transaction of $1,096,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 105,000 shares of company stock valued at $3,091,850 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Shares of EYE traded down $0.23 during mid-day trading on Friday, hitting $27.33. 19,018 shares of the company’s stock were exchanged, compared to its average volume of 958,496. The stock has a market capitalization of $2.17 billion, a P/E ratio of 60.67, a P/E/G ratio of 2.85 and a beta of 1.62. National Vision Holdings Inc has a 52 week low of $25.60 and a 52 week high of $46.63. The company has a quick ratio of 0.53, a current ratio of 0.91 and a debt-to-equity ratio of 1.17.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $461.22 million during the quarter, compared to analysts’ expectations of $455.42 million. National Vision had a net margin of 1.12% and a return on equity of 6.29%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that National Vision Holdings Inc will post 0.52 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of National Vision from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Guggenheim reiterated a “buy” rating and issued a $40.00 price target on shares of National Vision in a research report on Thursday, May 9th. Finally, ValuEngine upgraded shares of National Vision from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $45.25.

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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, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

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

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