Russell Investments Group Ltd. Sells 1,950 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

Russell Investments Group Ltd. decreased its holdings in National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,603 shares of the company’s stock after selling 1,950 shares during the period. Russell Investments Group Ltd.’s holdings in National Vision were worth $1,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EYE. Point72 Hong Kong Ltd acquired a new stake in shares of National Vision during the 3rd quarter valued at $74,000. Quadrant Capital Group LLC lifted its holdings in National Vision by 420.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,563 shares of the company’s stock worth $84,000 after buying an additional 2,071 shares during the period. Fred Alger Management LLC acquired a new position in National Vision during the 3rd quarter worth about $93,000. Public Employees Retirement System of Ohio lifted its holdings in National Vision by 12.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,853 shares of the company’s stock worth $93,000 after buying an additional 309 shares during the period. Finally, Strs Ohio lifted its holdings in National Vision by 81.0% during the 4th quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $147,000 after buying an additional 1,700 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EYE. Citigroup dropped their price objective on National Vision from $48.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, March 3rd. Barclays lowered National Vision from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 2nd. Morgan Stanley decreased their target price on National Vision from $43.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, March 2nd. Loop Capital boosted their target price on National Vision from $23.00 to $28.00 in a research report on Friday, May 12th. Finally, Wells Fargo & Company decreased their target price on National Vision from $44.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, National Vision presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Insider Buying and Selling at National Vision

In other news, CEO L Reade Fahs bought 12,625 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $23.81 per share, for a total transaction of $300,601.25. Following the completion of the purchase, the chief executive officer now directly owns 556,550 shares in the company, valued at approximately $13,251,455.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director D Randolph Peeler purchased 22,861 shares of National Vision stock in a transaction dated Monday, May 22nd. The stock was bought at an average cost of $25.59 per share, for a total transaction of $585,012.99. Following the completion of the transaction, the director now owns 131,271 shares in the company, valued at $3,359,224.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO L Reade Fahs purchased 12,625 shares of National Vision stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $23.81 per share, with a total value of $300,601.25. Following the completion of the transaction, the chief executive officer now owns 556,550 shares of the company’s stock, valued at approximately $13,251,455.50. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

National Vision Stock Up 2.2 %

EYE stock opened at $25.43 on Friday. National Vision Holdings, Inc. has a twelve month low of $17.25 and a twelve month high of $43.82. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $20.78 and its 200-day moving average is $31.69. The firm has a market capitalization of $1.99 billion, a PE ratio of 68.73, a P/E/G ratio of 3.17 and a beta of 1.41.

National Vision (NASDAQ:EYE – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $468.93 million for the quarter, compared to analyst estimates of $471.61 million. National Vision had a return on equity of 3.99% and a net margin of 1.48%. Sell-side analysts expect that National Vision Holdings, Inc. will post 0.36 EPS for the current fiscal year.

National Vision Profile

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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 offers America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.