National Vision Target of Unusually Large Options Trading (NASDAQ:EYE)

National Vision Holdings, Inc. (NASDAQ:EYE) saw some unusual options trading on Tuesday. Stock traders bought 2,600 call options on the stock. This is an increase of 2,103% compared to the typical daily volume of 118 call options.

A number of institutional investors and hedge funds have recently bought and sold shares of EYE. James Investment Research Inc. acquired a new stake in National Vision in the 4th quarter valued at approximately $27,000. Joseph P. Lucia & Associates LLC acquired a new position in National Vision during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC lifted its holdings in National Vision by 20.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,400 shares of the company’s stock valued at $109,000 after acquiring an additional 400 shares during the last quarter. Financial Counselors Inc. acquired a new stake in National Vision in the 4th quarter valued at about $210,000. Finally, Paloma Partners Management Co bought a new position in shares of National Vision during the 3rd quarter valued at about $237,000.

Shares of NASDAQ EYE opened at $46.27 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.56 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $46.52 and its two-hundred day moving average price is $45.12. National Vision has a 52-week low of $19.07 and a 52-week high of $52.61. The stock has a market capitalization of $3.76 billion, a P/E ratio of 1,157.04, a P/E/G ratio of 20.67 and a beta of 1.77.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Tuesday, March 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.32. National Vision had a net margin of 0.32% and a return on equity of 4.97%. The company had revenue of $496.70 million during the quarter, compared to the consensus estimate of $472.41 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, equities research analysts expect that National Vision will post 0.44 earnings per share for the current year.

Several research analysts have commented on EYE shares. Morgan Stanley raised their price objective on National Vision from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Citigroup raised their price objective on National Vision from $57.00 to $52.00 in a research report on Thursday, March 4th. Wells Fargo & Company lifted their price objective on National Vision from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, March 3rd. Finally, Loop Capital lowered shares of National Vision from a “buy” rating to a “hold” rating in a research note on Monday, January 11th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.63.

National Vision Company Profile

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, 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, vision care benefit plan, and optometric services.

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