Emerald Advisers LLC Has $11.21 Million Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

Emerald Advisers LLC decreased its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 856,368 shares of the company’s stock after selling 29,419 shares during the period. Emerald Advisers LLC owned approximately 1.09% of National Vision worth $11,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EYE. Quadrant Capital Group LLC increased its stake in National Vision by 252.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock valued at $35,000 after acquiring an additional 1,214 shares during the period. Innealta Capital LLC acquired a new position in shares of National Vision in the second quarter valued at $30,000. CWM LLC lifted its position in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after purchasing an additional 841 shares during the period. TFO Wealth Partners LLC boosted its stake in National Vision by 165,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock worth $104,000 after buying an additional 4,959 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in National Vision by 56.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,669 shares of the company’s stock valued at $140,000 after buying an additional 2,400 shares during the period.

National Vision Trading Down 5.0 %

EYE stock opened at $9.68 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17. National Vision Holdings, Inc. has a twelve month low of $9.66 and a twelve month high of $24.11. The company has a market cap of $760.47 million, a P/E ratio of -10.52, a PEG ratio of 1.65 and a beta of 1.41. The business has a fifty day moving average of $11.99 and a 200-day moving average of $16.02.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $451.70 million during the quarter, compared to analyst estimates of $451.35 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, equities research analysts expect that National Vision Holdings, Inc. will post 0.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EYE shares. UBS Group lowered their price objective on National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group lowered their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Barclays cut their price objective on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, National Vision currently has an average rating of “Hold” and a consensus target price of $15.25.

About National Vision

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.