Short Interest in National Vision Holdings, Inc. (NASDAQ:EYE) Grows By 6.7%

National Vision Holdings, Inc. (NASDAQ:EYE) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,120,000 shares, a growth of 6.7% from the August 31st total of 4,800,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 6.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EYE. Innealta Capital LLC bought a new stake in shares of National Vision in the second quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new stake in National Vision during the second quarter worth $32,000. CWM LLC lifted its position in shares of National Vision by 44.8% during the 2nd quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after buying an additional 841 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in shares of National Vision by 165,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after purchasing an additional 4,959 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of National Vision by 688.3% during the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock worth $115,000 after buying an additional 7,640 shares during the last quarter.

National Vision Stock Performance

Shares of EYE stock traded down $0.11 on Monday, reaching $10.91. The stock had a trading volume of 1,887,086 shares, compared to its average volume of 1,478,628. National Vision has a 12 month low of $9.60 and a 12 month high of $24.11. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $857.10 million, a price-to-earnings ratio of -11.97, a P/E/G ratio of 1.66 and a beta of 1.41. The firm’s 50-day moving average is $11.32 and its two-hundred day moving average is $14.69.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The company had revenue of $451.70 million during the quarter, compared to analysts’ expectations of $451.35 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue was down 14.0% on a year-over-year basis. On average, research analysts expect that National Vision will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EYE. Barclays decreased their price objective on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group reduced their target price on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, UBS Group cut their price objective on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Vision currently has an average rating of “Hold” and a consensus target price of $15.25.

National Vision Company Profile

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.