Stoneridge Investment Partners LLC Purchases Shares of 13,036 National Vision Holdings, Inc. (NASDAQ:EYE)

Stoneridge Investment Partners LLC acquired a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,036 shares of the company’s stock, valued at approximately $171,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after buying an additional 841 shares in the last quarter. ProShare Advisors LLC grew its stake in National Vision by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,674 shares of the company’s stock valued at $347,000 after acquiring an additional 1,076 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of National Vision by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 68,480 shares of the company’s stock valued at $1,518,000 after purchasing an additional 1,117 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of National Vision by 252.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after acquiring an additional 1,214 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in National Vision by 10.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,176 shares of the company’s stock valued at $264,000 after purchasing an additional 1,832 shares during the last quarter.

National Vision Stock Performance

National Vision stock opened at $10.88 on Friday. National Vision Holdings, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $24.11. The company has a market capitalization of $855.60 million, a price-to-earnings ratio of -11.83, a PEG ratio of 1.60 and a beta of 1.41. The stock has a fifty day moving average of $11.77 and a two-hundred day moving average of $15.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The business had revenue of $451.70 million for the quarter, compared to analyst estimates of $451.35 million. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. On average, analysts anticipate that National Vision Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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