National Vision (NASDAQ:EYE) Sees Large Volume Increase

National Vision Holdings, Inc. (NASDAQ:EYE) shares saw unusually-strong trading volume on Wednesday . Approximately 4,312,595 shares were traded during trading, an increase of 284% from the previous session’s volume of 1,122,394 shares.The stock last traded at $12.43 and had previously closed at $12.48.

Analyst Ratings Changes

Separately, Barclays reduced their price objective on National Vision from $19.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.60.

National Vision Stock Down 0.4 %

The stock has a market capitalization of $976.50 million, a price-to-earnings ratio of -13.51, a PEG ratio of 2.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 0.69. The business has a fifty day moving average of $14.98 and a 200 day moving average of $18.72.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $542.52 million during the quarter, compared to analysts’ expectations of $557.47 million. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. As a group, equities analysts predict that National Vision Holdings, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other news, CEO L Reade Fahs bought 20,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $14.96 per share, with a total value of $299,200.00. Following the transaction, the chief executive officer now directly owns 633,097 shares in the company, valued at approximately $9,471,131.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO L Reade Fahs bought 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $14.96 per share, for a total transaction of $299,200.00. Following the completion of the purchase, the chief executive officer now owns 633,097 shares in the company, valued at approximately $9,471,131.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director D Randolph Peeler bought 34,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $14.45 per share, with a total value of $491,300.00. Following the purchase, the director now owns 182,880 shares of the company’s stock, valued at $2,642,616. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EYE. Quadrant Capital Group LLC boosted its holdings in shares of National Vision by 252.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock valued at $35,000 after purchasing an additional 1,214 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of National Vision by 165,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after purchasing an additional 4,959 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of National Vision in the fourth quarter valued at approximately $131,000. PNC Financial Services Group Inc. grew its position 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 in the last quarter. Finally, Olympiad Research LP acquired a new position in shares of National Vision during the 4th quarter valued at $219,000.

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.