National Vision Holdings Inc (EYE) Sees Significant Increase in Short Interest

National Vision Holdings Inc (NASDAQ:EYE) saw a large growth in short interest in March. As of March 29th, there was short interest totalling 1,410,459 shares, a growth of 53.0% from the March 15th total of 922,137 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,024,066 shares, the short-interest ratio is currently 1.4 days.

Separately, Wells Fargo set a $45.00 target price on National Vision and gave the stock a “buy” rating in a report on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. National Vision presently has a consensus rating of “Buy” and a consensus target price of $35.50.

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In other National Vision news, SVP Mitchell Goodman sold 7,166 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $31.68, for a total value of $227,018.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Berkshire Partners Holdings Ll sold 338,031 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $31.68, for a total value of $10,708,822.08. The disclosure for this sale can be found here. Insiders have sold a total of 11,870,180 shares of company stock valued at $376,047,302 in the last three months.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J. Goldman & Co LP bought a new stake in shares of National Vision in the 4th quarter valued at about $3,381,000. MetLife Investment Advisors LLC bought a new stake in shares of National Vision in the 4th quarter valued at about $532,000. Element Capital Management LLC bought a new stake in shares of National Vision in the 4th quarter valued at about $2,498,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of National Vision in the 4th quarter valued at about $370,000. Finally, Millennium Management LLC bought a new stake in shares of National Vision in the 4th quarter valued at about $2,054,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Shares of EYE opened at $32.60 on Monday. National Vision has a 12-month low of $27.19 and a 12-month high of $43.80. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2,477.09 and a price-to-earnings ratio of 61.51.

National Vision (NASDAQ:EYE) last issued its earnings results on Thursday, March 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $321.82 million during the quarter, compared to analyst estimates of $318.00 million. research analysts forecast that National Vision will post 0.72 earnings per share for the current fiscal year.

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About National Vision

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.

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