National Vision Holdings, Inc. $EYE Stock Position Decreased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,600 shares of the company’s stock after selling 2,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in National Vision were worth $336,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EYE. GAMMA Investing LLC increased its stake in shares of National Vision by 49.2% in the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock valued at $94,000 after purchasing an additional 2,412 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of National Vision in the first quarter valued at approximately $467,000. Allspring Global Investments Holdings LLC increased its stake in shares of National Vision by 141.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 993,558 shares of the company’s stock valued at $12,718,000 after purchasing an additional 582,353 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of National Vision in the first quarter valued at approximately $4,041,000. Finally, Skylands Capital LLC acquired a new stake in shares of National Vision in the first quarter valued at approximately $1,010,000.

Insider Buying and Selling

In related news, Chairman L Reade Fahs sold 137,400 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the completion of the sale, the chairman directly owned 544,795 shares of the company’s stock, valued at $13,254,862.35. This represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of National Vision from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Barclays dropped their price target on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company set a $27.00 price target on shares of National Vision and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Finally, Roth Capital started coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, National Vision presently has an average rating of “Hold” and a consensus target price of $24.73.

National Vision Trading Down 4.6%

Shares of NASDAQ:EYE opened at $25.81 on Monday. The company has a 50 day moving average of $25.26 and a 200-day moving average of $21.48. The firm has a market cap of $2.04 billion, a P/E ratio of -143.39, a P/E/G ratio of 2.86 and a beta of 1.30. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $29.59. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $469.21 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

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.