National Vision (NASDAQ:EYE) Shares Down 4.5% – Here’s What Happened

National Vision Holdings, Inc. (NASDAQ:EYE)’s share price was down 4.5% during mid-day trading on Monday . The stock traded as low as $10.98 and last traded at $11.05. Approximately 301,141 shares traded hands during trading, a decline of 79% from the average daily volume of 1,446,023 shares. The stock had previously closed at $11.57.

National Vision Stock Down 5.0 %

The company has a market capitalization of $865.46 million, a price-to-earnings ratio of -54.95, a P/E/G ratio of 3.10 and a beta of 1.41. The firm’s fifty day moving average price is $11.12 and its 200-day moving average price is $11.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $451.50 million for the quarter, compared to analyst estimates of $451.13 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Sell-side analysts expect that National Vision Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EYE. Hsbc Holdings PLC increased its holdings in National Vision by 153.4% during the 2nd quarter. Hsbc Holdings PLC now owns 127,350 shares of the company’s stock worth $1,625,000 after acquiring an additional 77,096 shares during the period. D. E. Shaw & Co. Inc. boosted its position in National Vision by 115.7% during the 2nd 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 period. Charles Schwab Investment Management Inc. lifted its holdings in National Vision by 17.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock worth $15,408,000 after buying an additional 208,684 shares during the period. Centiva Capital LP purchased a new stake in National Vision in the third quarter worth $613,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of National Vision by 12.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 464,414 shares of the company’s stock valued at $6,079,000 after purchasing an additional 51,753 shares in 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.