National Vision (NASDAQ:EYE) Shares Down 4.5% – Here’s Why

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) traded down 4.5% on Monday . The stock traded as low as $10.98 and last traded at $11.05. 301,141 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,446,023 shares. The stock had previously closed at $11.57.

National Vision Stock Down 5.0 %

The company’s fifty day moving average is $11.12 and its 200-day moving average is $11.60. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The company has a market cap of $865.46 million, a PE ratio of -54.95, a PEG ratio of 3.10 and a beta of 1.41.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s revenue was down 15.2% on a year-over-year basis. On average, analysts predict that National Vision Holdings, Inc. will post 0.27 EPS for the current year.

Institutional Investors Weigh In On National Vision

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new stake in National Vision during the 2nd quarter worth about $213,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of National Vision by 12.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 464,414 shares of the company’s stock worth $6,079,000 after purchasing an additional 51,753 shares during the last quarter. Innealta Capital LLC purchased a new stake in National Vision in the 2nd quarter valued at $30,000. Versor Investments LP increased its position in National Vision by 140.6% during the second quarter. Versor Investments LP now owns 52,260 shares of the company’s stock worth $684,000 after purchasing an additional 30,537 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of National Vision by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 58,035 shares of the company’s stock valued at $760,000 after buying an additional 3,228 shares during the period.

About National Vision

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.