Banque Pictet & Cie SA Has $781,000 Position in National Vision Holdings, Inc. $EYE

Banque Pictet & Cie SA cut its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,938 shares of the company’s stock after selling 2,279 shares during the quarter. Banque Pictet & Cie SA’s holdings in National Vision were worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EYE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in National Vision by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,309 shares of the company’s stock worth $462,000 after buying an additional 1,677 shares during the period. ProShare Advisors LLC lifted its holdings in National Vision by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 23,480 shares of the company’s stock worth $245,000 after buying an additional 7,221 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in National Vision by 17.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 221,741 shares of the company’s stock worth $2,311,000 after buying an additional 33,155 shares during the period. Mackenzie Financial Corp lifted its stake in shares of National Vision by 246.9% in the 4th quarter. Mackenzie Financial Corp now owns 98,215 shares of the company’s stock valued at $1,023,000 after purchasing an additional 69,906 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of National Vision by 1,806.3% in the 1st quarter. GAMMA Investing LLC now owns 93,524 shares of the company’s stock valued at $1,195,000 after purchasing an additional 88,618 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EYE shares. Wells Fargo & Company set a $27.00 price objective on National Vision and gave the company an “equal weight” rating in a research note on Thursday, August 7th. The Goldman Sachs Group boosted their price objective on National Vision from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Barclays dropped their price objective on National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Roth Capital started coverage on National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Wall Street Zen downgraded National Vision from a “buy” rating to a “hold” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.73.

National Vision Stock Performance

Shares of EYE opened at $28.54 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The stock has a 50 day moving average price of $24.32 and a two-hundred day moving average price of $19.80. The firm has a market capitalization of $2.26 billion, a P/E ratio of -158.56, a P/E/G ratio of 3.23 and a beta of 1.23. National Vision Holdings, Inc. has a 52 week low of $9.56 and a 52 week high of $28.80.

National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $486.42 million during the quarter, compared to analyst estimates of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the completion of the sale, the chairman directly owned 544,795 shares of the company’s stock, valued at approximately $13,254,862.35. The trade was a 20.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.