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

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

National Vision Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. The business has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $11.58. The firm has a market cap of $867.83 million, a P/E ratio of -55.10, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41.

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

Institutional Trading of National Vision

Several large investors have recently bought and sold shares of EYE. D. E. Shaw & Co. Inc. raised its position in shares of National Vision by 115.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock worth $32,453,000 after acquiring an additional 1,330,023 shares in the last quarter. Marshall Wace LLP grew its stake in National Vision by 85.6% in the second quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock worth $23,062,000 after purchasing an additional 812,513 shares during the period. Dimensional Fund Advisors LP raised its holdings in National Vision by 28.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock worth $38,952,000 after purchasing an additional 656,656 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in National Vision by 3,645.8% during the third quarter. Assenagon Asset Management S.A. now owns 609,701 shares of the company’s stock valued at $6,652,000 after buying an additional 593,424 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of National Vision during the 3rd quarter valued at $2,858,000.

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.