National Vision Holdings Inc (NASDAQ:EYE) Stake Boosted by Oppenheimer Asset Management Inc.

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Oppenheimer Asset Management Inc. raised its holdings in shares of National Vision Holdings Inc (NASDAQ:EYE) by 98.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,351 shares of the company’s stock after purchasing an additional 15,063 shares during the period. Oppenheimer Asset Management Inc.’s holdings in National Vision were worth $731,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. LPL Financial LLC grew its stake in National Vision by 11.6% during the 2nd quarter. LPL Financial LLC now owns 10,247 shares of the company’s stock valued at $315,000 after acquiring an additional 1,068 shares in the last quarter. Southeast Asset Advisors Inc. grew its stake in National Vision by 4.4% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 27,110 shares of the company’s stock valued at $833,000 after acquiring an additional 1,150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in National Vision by 32.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock valued at $116,000 after acquiring an additional 1,184 shares in the last quarter. Strs Ohio purchased a new position in National Vision during the 2nd quarter valued at about $46,000. Finally, State Board of Administration of Florida Retirement System grew its stake in National Vision by 13.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 15,899 shares of the company’s stock valued at $489,000 after acquiring an additional 1,880 shares in the last quarter.

Several equities research analysts have recently issued reports on EYE shares. UBS Group lifted their price target on National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co reduced their price target on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a report on Friday. Finally, Loop Capital upgraded National Vision from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $37.00 in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.00.

Shares of National Vision stock opened at $27.75 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 61.67, a P/E/G ratio of 2.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.94 and a quick ratio of 0.57. National Vision Holdings Inc has a 52-week low of $22.02 and a 52-week high of $45.38. The stock has a 50-day simple moving average of $24.13 and a 200-day simple moving average of $27.86.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. The business had revenue of $431.90 million for the quarter, compared to analysts’ expectations of $427.83 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. National Vision’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that National Vision Holdings Inc will post 0.55 earnings per share for the current year.

In other news, SVP John Vaught sold 48,611 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total transaction of $1,463,677.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About National Vision

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.

Further Reading: Lock-Up Period Expiration

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

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