Meeder Asset Management Inc. Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Meeder Asset Management Inc. purchased a new position in National Vision Holdings, Inc. (NASDAQ:EYE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,443 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of National Vision in the 2nd quarter valued at approximately $30,000. Quadrant Capital Group LLC lifted its position in National Vision by 252.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after buying an additional 1,214 shares during the last quarter. CWM LLC boosted its stake in National Vision by 44.8% during the second quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after buying an additional 841 shares during the period. TFO Wealth Partners LLC increased its position in 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 acquiring an additional 4,959 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of National Vision by 688.3% in the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after acquiring an additional 7,640 shares during the period.

Analyst Ratings Changes

A number of research firms have recently commented on EYE. Barclays cut their target price on National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group cut their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group decreased their target price on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.25.

National Vision Stock Performance

EYE stock opened at $10.88 on Monday. National Vision Holdings, Inc. has a one year low of $9.60 and a one year high of $24.11. The firm has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $15.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $855.60 million, a price-to-earnings ratio of -11.83, a PEG ratio of 1.60 and a beta of 1.41.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $0.11 earnings per share. The company’s revenue was down 14.0% on a year-over-year basis. On average, equities analysts forecast that National Vision Holdings, Inc. will post 0.33 EPS for the current fiscal year.

National Vision 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.