Brown Advisory Inc. Trims Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Brown Advisory Inc. lessened its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYEGet Rating) by 19.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,518,921 shares of the company’s stock after selling 363,518 shares during the quarter. Brown Advisory Inc. owned about 1.86% of National Vision worth $66,327,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of National Vision by 1.4% during the first quarter. Arizona State Retirement System now owns 22,355 shares of the company’s stock worth $974,000 after purchasing an additional 319 shares in the last quarter. Raymond James & Associates grew its holdings in shares of National Vision by 1.3% during the fourth quarter. Raymond James & Associates now owns 38,938 shares of the company’s stock worth $1,869,000 after purchasing an additional 500 shares in the last quarter. Joseph P. Lucia & Associates LLC purchased a new position in shares of National Vision during the first quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new position in shares of National Vision during the fourth quarter worth about $62,000. Finally, Sageworth Trust Co of South Dakota purchased a new position in shares of National Vision during the fourth quarter worth about $68,000.

National Vision Stock Performance

NASDAQ:EYE opened at $30.62 on Friday. The business has a 50 day moving average of $28.78 and a 200 day moving average of $34.96. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.60 and a beta of 1.66. National Vision Holdings, Inc. has a 1-year low of $22.59 and a 1-year high of $65.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17.

National Vision (NASDAQ:EYEGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. National Vision had a return on equity of 10.96% and a net margin of 5.55%. The company had revenue of $527.70 million during the quarter, compared to the consensus estimate of $538.38 million. During the same quarter in the previous year, the company posted $0.45 EPS. National Vision’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group raised National Vision from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $32.00 in a report on Monday, June 27th. Morgan Stanley cut their price objective on National Vision from $65.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Insider Buying and Selling at National Vision

In related news, Director Virginia A. Hepner acquired 1,000 shares of the stock in a transaction on Friday, May 13th. The stock was purchased at an average price of $25.71 per share, for a total transaction of $25,710.00. Following the completion of the transaction, the director now owns 12,588 shares of the company’s stock, valued at approximately $323,637.48. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other National Vision news, SVP Jared Brandman bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $23.25 per share, for a total transaction of $116,250.00. Following the completion of the acquisition, the senior vice president now directly owns 18,697 shares in the company, valued at $434,705.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia A. Hepner bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average price of $25.71 per share, with a total value of $25,710.00. Following the acquisition, the director now owns 12,588 shares of the company’s stock, valued at $323,637.48. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

National Vision Profile

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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.

Further Reading

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

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