National Vision Holdings Inc (NASDAQ:EYE) was the recipient of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 1,410,459 shares, an increase of 53.0% from the March 15th total of 922,137 shares. Approximately 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 price target on National Vision and gave the company a “buy” rating in a research report on Thursday, March 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.50.
Shares of NASDAQ EYE opened at $32.60 on Friday. 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 cap of $2,476.34 and a PE ratio of 61.51.
In other news, 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 transaction of $10,708,822.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mitchell Goodman sold 7,166 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $227,018.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,870,180 shares of company stock worth $376,047,302.
Several hedge funds and other institutional investors have recently modified their holdings of EYE. US Bancorp DE purchased a new position in shares of National Vision during the fourth quarter worth about $134,000. SG Americas Securities LLC purchased a new position in shares of National Vision during the fourth quarter worth about $145,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of National Vision during the fourth quarter worth about $158,000. Strs Ohio purchased a new position in shares of National Vision during the fourth quarter worth about $215,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of National Vision during the fourth quarter worth about $370,000. 97.44% of the stock is owned by institutional investors.
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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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