Alliancebernstein L.P. Boosts Holdings in National Vision Holdings Inc (EYE)

Alliancebernstein L.P. raised its stake in National Vision Holdings Inc (NASDAQ:EYE) by 486.9% during the third quarter, Holdings Channel reports. The fund owned 284,858 shares of the company’s stock after buying an additional 236,323 shares during the period. Alliancebernstein L.P.’s holdings in National Vision were worth $12,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EYE. Victory Capital Management Inc. purchased a new stake in shares of National Vision in the third quarter worth $31,754,000. Brown Advisory Inc. purchased a new stake in shares of National Vision in the second quarter worth $17,889,000. FMR LLC grew its stake in shares of National Vision by 5.2% in the second quarter. FMR LLC now owns 7,113,846 shares of the company’s stock worth $260,153,000 after acquiring an additional 354,802 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of National Vision by 28.4% in the third quarter. Eagle Asset Management Inc. now owns 1,603,410 shares of the company’s stock worth $72,377,000 after acquiring an additional 354,696 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of National Vision by 72.0% in the second quarter. Voya Investment Management LLC now owns 841,343 shares of the company’s stock worth $30,768,000 after acquiring an additional 352,141 shares during the last quarter.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut National Vision from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. William Blair began coverage on National Vision in a research report on Wednesday, October 3rd. They set an “outperform” rating on the stock. Barclays began coverage on National Vision in a research report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 price objective on the stock. ValuEngine raised National Vision from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 9th. Finally, Jefferies Financial Group set a $48.00 price objective on National Vision and gave the company a “buy” rating in a research report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.13.

National Vision stock opened at $35.52 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.57 and a current ratio of 1.07. National Vision Holdings Inc has a one year low of $29.55 and a one year high of $46.63. The firm has a market cap of $2.80 billion, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 4.07 and a beta of 1.53.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The company had revenue of $387.40 million for the quarter, compared to analysts’ expectations of $374.81 million. During the same period last year, the firm posted $0.10 earnings per share. National Vision’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that National Vision Holdings Inc will post 0.53 EPS for the current fiscal year.

In other National Vision news, major shareholder Fund Holdings Gp Ltd Kkr sold 10,054,259 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Vaught sold 26,477 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $43.32, for a total value of $1,146,983.64. The disclosure for this sale can be found here. Insiders have sold 12,546,477 shares of company stock worth $504,526,684 over the last ninety days. 2.82% of the stock is currently owned by insiders.

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About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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