Axa S.A. Takes Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Axa S.A. acquired a new stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 19,341 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently made changes to their positions in EYE. Marshall Wace LLP boosted its holdings in National Vision by 85.6% during the second quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock worth $23,062,000 after purchasing an additional 812,513 shares during the last quarter. Bank of Montreal Can purchased a new position in National Vision during the second quarter worth about $371,000. Lombard Odier Asset Management USA Corp boosted its holdings in National Vision by 256.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 49,097 shares of the company’s stock worth $643,000 after purchasing an additional 35,319 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in National Vision by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 172,852 shares of the company’s stock worth $2,263,000 after purchasing an additional 12,470 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in National Vision by 32.7% during the second quarter. Ensign Peak Advisors Inc now owns 44,045 shares of the company’s stock worth $577,000 after purchasing an additional 10,850 shares during the last quarter.

Analyst Ratings Changes

EYE has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays cut their price target on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, UBS Group dropped their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, National Vision has an average rating of “Hold” and an average target price of $15.25.

National Vision Stock Down 1.8 %

EYE opened at $10.50 on Thursday. 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 stock has a market cap of $824.89 million, a price-to-earnings ratio of -11.41, a PEG ratio of 1.66 and a beta of 1.41. National Vision Holdings, Inc. has a twelve month low of $9.60 and a twelve month high of $24.11. The company’s 50-day moving average price is $11.17 and its two-hundred day moving average price is $14.50.

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

National Vision 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.