Oppenheimer Asset Management Inc. Boosts Stake in National Vision Holdings Inc (NASDAQ:EYE)

Oppenheimer Asset Management Inc. increased its holdings in shares of National Vision Holdings Inc (NASDAQ:EYE) by 418.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,288 shares of the company’s stock after acquiring an additional 12,340 shares during the period. Oppenheimer Asset Management Inc.’s holdings in National Vision were worth $470,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Riverbridge Partners LLC acquired a new position in National Vision in the 2nd quarter worth about $31,247,000. JPMorgan Chase & Co. raised its stake in shares of National Vision by 41.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,464,450 shares of the company’s stock worth $108,887,000 after buying an additional 1,010,344 shares during the period. Wasatch Advisors Inc. raised its stake in shares of National Vision by 90.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,018,574 shares of the company’s stock worth $63,444,000 after buying an additional 958,537 shares during the period. Clearbridge Investments LLC raised its stake in shares of National Vision by 63.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,388,246 shares of the company’s stock worth $75,063,000 after buying an additional 926,226 shares during the period. Finally, Penn Capital Management Co. Inc. purchased a new position in shares of National Vision during the 1st quarter valued at approximately $9,878,000.

NASDAQ EYE traded up $0.78 during mid-day trading on Wednesday, hitting $31.13. The stock had a trading volume of 34,280 shares, compared to its average volume of 1,049,039. The firm’s 50 day moving average is $29.32 and its 200 day moving average is $29.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.94 and a quick ratio of 0.57. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 69.51, a PEG ratio of 2.95 and a beta of 1.48. National Vision Holdings Inc has a twelve month low of $25.60 and a twelve month high of $46.37.

National Vision (NASDAQ:EYE) last announced its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). National Vision had a return on equity of 6.30% and a net margin of 0.92%. The business had revenue of $429.50 million for the quarter, compared to analyst estimates of $423.27 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts expect that National Vision Holdings Inc will post 0.55 earnings per share for the current year.

A number of equities research analysts recently issued reports on EYE shares. Berenberg Bank began coverage on shares of National Vision in a research note on Wednesday, May 29th. They issued a “buy” rating and a $38.00 price target on the stock. Goldman Sachs Group started coverage on shares of National Vision in a report on Thursday, July 11th. They set a “buy” rating and a $33.00 price objective on the stock. Wells Fargo & Co set a $37.00 target price on shares of National Vision and gave the company a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research raised shares of National Vision from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research note on Wednesday, May 29th. Finally, TheStreet raised shares of National Vision from a “d+” rating to a “c-” rating in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. National Vision currently has an average rating of “Buy” and an average target price of $41.60.

In related news, SVP John Vaught sold 48,611 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total value of $1,463,677.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

National Vision Profile

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, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

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

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