National Vision Holdings, Inc. (NASDAQ:EYE – Get Free Report) 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.
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.
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