Rafferty Asset Management LLC Increases Stock Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Rafferty Asset Management LLC raised its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 37.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,963 shares of the company’s stock after purchasing an additional 5,740 shares during the quarter. Rafferty Asset Management LLC’s holdings in National Vision were worth $1,072,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EYE. Alliancebernstein L.P. lifted its position in shares of National Vision by 39.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,613,014 shares of the company’s stock worth $184,733,000 after purchasing an additional 1,014,521 shares during the period. BlackRock Inc. lifted its position in National Vision by 9.5% during the 1st quarter. BlackRock Inc. now owns 6,353,307 shares of the company’s stock valued at $278,466,000 after acquiring an additional 553,662 shares during the period. Clearbridge Investments LLC lifted its position in National Vision by 16.4% during the 1st quarter. Clearbridge Investments LLC now owns 3,896,774 shares of the company’s stock valued at $170,796,000 after acquiring an additional 548,565 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in National Vision by 3,150.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 542,743 shares of the company’s stock valued at $23,788,000 after acquiring an additional 526,043 shares during the period. Finally, Millennium Management LLC lifted its position in National Vision by 164.6% during the 1st quarter. Millennium Management LLC now owns 489,063 shares of the company’s stock valued at $21,436,000 after acquiring an additional 304,233 shares during the period.

A number of research firms have weighed in on EYE. TheStreet upgraded shares of National Vision from a “c+” rating to a “b+” rating in a research note on Tuesday, July 6th. Zacks Investment Research lowered shares of National Vision from a “strong-buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research note on Wednesday, July 14th. Loop Capital lifted their price target on shares of National Vision from $51.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, August 13th. BMO Capital Markets lifted their price target on shares of National Vision from $48.00 to $51.00 and gave the stock a “market perform” rating in a research note on Friday, August 13th. Finally, Morgan Stanley lowered shares of National Vision from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $58.00 to $57.00 in a research report on Friday, August 27th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, National Vision has an average rating of “Hold” and a consensus target price of $51.67.

In other National Vision news, CEO L Reade Fahs sold 18,367 shares of the stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $55.02, for a total transaction of $1,010,552.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jared Brandman sold 20,000 shares of the stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $53.50, for a total transaction of $1,070,000.00. Following the sale, the senior vice president now directly owns 26,720 shares of the company’s stock, valued at $1,429,520. The disclosure for this sale can be found here. Insiders have sold 39,167 shares of company stock worth $2,124,560 in the last quarter. Company insiders own 2.30% of the company’s stock.

EYE stock opened at $57.76 on Tuesday. National Vision Holdings, Inc. has a one year low of $36.24 and a one year high of $60.92. The company’s fifty day moving average price is $55.41 and its 200-day moving average price is $50.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.32 and a current ratio of 1.64. The company has a market capitalization of $4.73 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.32 and a beta of 1.75.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Thursday, August 12th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. National Vision had a net margin of 7.33% and a return on equity of 17.77%. The company had revenue of $549.49 million for the quarter, compared to analysts’ expectations of $494.70 million. On average, research analysts predict that National Vision Holdings, Inc. will post 1.12 EPS for the current fiscal year.

About National Vision

National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment involves operations of, and supplies inventory and lab processing services.

Featured Article: QQQ ETF

Want to see what other hedge funds are holding EYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Vision Holdings, Inc. (NASDAQ:EYE).

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

Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.