National Vision (NASDAQ:EYE) Sees Strong Trading Volume

National Vision Holdings, Inc. (NASDAQ:EYE) saw an uptick in trading volume on Wednesday . 2,019,059 shares were traded during trading, an increase of 44% from the previous session’s volume of 1,400,682 shares.The stock last traded at $10.39 and had previously closed at $10.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EYE. Barclays dropped their price objective on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, UBS Group dropped their price objective on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, National Vision has a consensus rating of “Hold” and an average target price of $15.25.

National Vision Stock Performance

The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $16.38. The firm has a market cap of $829.60 million, a P/E ratio of -11.48, a P/E/G ratio of 2.87 and a beta of 1.44.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. The firm had revenue of $451.70 million during the quarter, compared to the consensus estimate of $451.35 million. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue was down 14.0% on a year-over-year basis. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On National Vision

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hawk Ridge Capital Management LP purchased a new stake in shares of National Vision during the fourth quarter valued at $69,274,000. D. E. Shaw & Co. Inc. boosted its position in shares of National Vision by 115.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after buying an additional 1,330,023 shares during the last quarter. Wolf Hill Capital Management LP boosted its position in shares of National Vision by 2,063.4% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,226,573 shares of the company’s stock valued at $25,672,000 after buying an additional 1,169,876 shares during the last quarter. Marshall Wace LLP boosted its position in shares of National Vision by 85.6% during the second quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock valued at $23,062,000 after buying an additional 812,513 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of National Vision by 28.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock valued at $38,952,000 after buying an additional 656,656 shares during the last quarter.

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.