National Vision Holdings, Inc. $EYE Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 886,919 shares of the company’s stock after selling 106,639 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in National Vision were worth $21,463,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the first quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its position in shares of National Vision by 69.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after purchasing an additional 1,230 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of National Vision in the second quarter valued at approximately $83,000. USA Financial Formulas acquired a new stake in shares of National Vision in the second quarter valued at approximately $128,000. Finally, GAMMA Investing LLC grew its position in shares of National Vision by 49.2% in the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock valued at $94,000 after purchasing an additional 2,412 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on EYE shares. 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. Barclays cut their price target on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. The Goldman Sachs Group increased their price target on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Roth Capital assumed coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Wall Street Zen downgraded shares of National Vision from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.73.

National Vision Price Performance

EYE opened at $27.05 on Friday. The company has a fifty day simple moving average of $25.19 and a 200 day simple moving average of $21.26. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -150.28, a PEG ratio of 3.01 and a beta of 1.30. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $29.59. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last released its quarterly earnings results 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 business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Equities research analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction 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 directly owned 544,795 shares of the company’s stock, valued at $13,254,862.35. This trade represents a 20.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

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.