KBC Group NV Boosts Stock Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

KBC Group NV lifted its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 64.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,291 shares of the company’s stock after purchasing an additional 1,292 shares during the period. KBC Group NV’s holdings in National Vision were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of National Vision in the 2nd quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of National Vision during the second quarter worth $32,000. 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 during the last quarter. Headlands Technologies LLC raised its stake in 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 buying an additional 7,640 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in National Vision during the 2nd quarter worth about $135,000.

National Vision Stock Up 1.0 %

National Vision stock opened at $11.66 on Friday. The company has a market capitalization of $918.23 million, a P/E ratio of -58.30, a PEG ratio of 3.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $24.11. The stock has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $12.15.

National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share 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 analysts’ expectations 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 previous year, the business earned $0.09 earnings per share. Equities research analysts expect that National Vision Holdings, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EYE has been the topic of several research analyst reports. UBS Group cut their target price on National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price objective on shares of 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. Finally, The Goldman Sachs Group lowered their target price on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

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.