Inspire Investing LLC Decreases Stock Holdings in National Vision Holdings, Inc. $EYE

Inspire Investing LLC lowered its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 36.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,008 shares of the company’s stock after selling 9,866 shares during the period. Inspire Investing LLC’s holdings in National Vision were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in National Vision during the first quarter worth about $35,000. Smartleaf Asset Management LLC boosted its holdings in National Vision by 69.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after buying an additional 1,230 shares in the last quarter. IFP Advisors Inc acquired a new position in National Vision during the second quarter worth about $83,000. USA Financial Formulas acquired a new position in National Vision during the second quarter worth about $128,000. Finally, GAMMA Investing LLC raised its position in National Vision by 49.2% during the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock worth $94,000 after acquiring an additional 2,412 shares during the last quarter.

Insider Buying and Selling

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

National Vision Stock Performance

NASDAQ:EYE opened at $26.90 on Wednesday. The firm has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $21.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The firm has a market cap of $2.13 billion, a PE ratio of -149.44, a P/E/G ratio of 2.92 and a beta of 1.30. National Vision Holdings, Inc. has a 1-year low of $9.56 and a 1-year high of $29.59.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on EYE shares. The Goldman Sachs Group lifted their target price on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. UBS Group restated a “buy” rating and set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. National Bankshares set a $30.00 target price on shares of National Vision in a research report on Tuesday, July 8th. Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, National Vision presently has a consensus rating of “Hold” and a consensus target price of $24.73.

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.