L Reade Fahs Sells 10,000 Shares of National Vision Holdings Inc (EYE) Stock

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National Vision Holdings Inc (NASDAQ:EYE) CEO L Reade Fahs sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $44.43, for a total value of $444,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

L Reade Fahs also recently made the following trade(s):

  • On Wednesday, August 1st, L Reade Fahs sold 10,000 shares of National Vision stock. The stock was sold at an average price of $40.55, for a total value of $405,500.00.
  • On Monday, July 30th, L Reade Fahs sold 150,000 shares of National Vision stock. The stock was sold at an average price of $38.26, for a total value of $5,739,000.00.
  • On Thursday, July 5th, L Reade Fahs sold 10,000 shares of National Vision stock. The stock was sold at an average price of $38.05, for a total value of $380,500.00.

EYE opened at $45.72 on Friday. National Vision Holdings Inc has a 52 week low of $27.19 and a 52 week high of $46.63. The firm has a market cap of $3.40 billion and a PE ratio of 86.26. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 0.78.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The business had revenue of $385.53 million during the quarter, compared to analyst estimates of $371.40 million. During the same period last year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. equities research analysts predict that National Vision Holdings Inc will post 0.62 earnings per share for the current fiscal year.

Several brokerages recently weighed in on EYE. Zacks Investment Research lowered National Vision from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Citigroup increased their price objective on National Vision from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Bank of America increased their price objective on National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Morgan Stanley raised their price target on National Vision from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group set a $50.00 price target on National Vision and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EYE. PNC Financial Services Group Inc. raised its stake in shares of National Vision by 41.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after acquiring an additional 1,931 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of National Vision in the second quarter valued at $249,000. Engineers Gate Manager LP acquired a new stake in shares of National Vision in the first quarter valued at $267,000. Barclays PLC raised its stake in shares of National Vision by 225.9% in the first quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after acquiring an additional 6,578 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of National Vision by 69.8% in the first quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after acquiring an additional 4,479 shares in the last quarter.

National Vision Company 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 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.

Further Reading: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for National Vision (NASDAQ:EYE)

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