Geode Capital Management LLC Grows Position in National Vision Holdings Inc (NASDAQ:EYE)
Geode Capital Management LLC increased its position in National Vision Holdings Inc (NASDAQ:EYE) by 36.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 714,909 shares of the company’s stock after purchasing an additional 192,289 shares during the period. Geode Capital Management LLC’s holdings in National Vision were worth $20,138,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of EYE. Pearl River Capital LLC acquired a new stake in shares of National Vision during the 4th quarter valued at about $67,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Vision by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the company’s stock valued at $115,000 after purchasing an additional 1,241 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in National Vision during the fourth quarter worth approximately $171,000. Great West Life Assurance Co. Can raised its stake in National Vision by 229.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,306 shares of the company’s stock worth $199,000 after purchasing an additional 5,085 shares during the period. Finally, Amalgamated Bank purchased a new position in shares of National Vision in the 4th quarter valued at $257,000.
In other news, SVP Chris Beasley sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $26.99, for a total transaction of $674,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeff Busbee sold 50,744 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $28.60, for a total transaction of $1,451,278.40. The disclosure for this sale can be found here. Insiders sold a total of 163,657 shares of company stock worth $4,627,061 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.
National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. National Vision had a net margin of 1.12% and a return on equity of 6.29%. The firm had revenue of $461.22 million for the quarter, compared to analyst estimates of $455.42 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 13.0% on a year-over-year basis. Analysts expect that National Vision Holdings Inc will post 0.52 earnings per share for the current year.
EYE has been the subject of a number of analyst reports. Berenberg Bank initiated coverage on shares of National Vision in a research note on Wednesday, May 29th. They set a “buy” rating and a $38.00 target price for the company. Guggenheim restated a “buy” rating and set a $40.00 price target on shares of National Vision in a research report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of National Vision from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. National Vision has a consensus rating of “Buy” and a consensus target price of $44.33.
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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, 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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