National Vision Holdings, Inc. (NASDAQ:EYE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 4.4% in the 3rd quarter, Holdings Channel reports. The firm owned 370,735 shares of the company’s stock after selling 16,910 shares during the period. Principal Financial Group Inc.’s holdings in National Vision were worth $4,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in National Vision during the 2nd quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new stake in shares of National Vision during the second quarter worth $32,000. CWM LLC raised its stake in shares of National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after acquiring an additional 841 shares in the last quarter. Headlands Technologies LLC boosted its holdings in National Vision by 688.3% in the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after purchasing an additional 7,640 shares during the period. Finally, Intech Investment Management LLC acquired a new position in National Vision during the 2nd quarter worth $135,000.

National Vision Trading Up 1.5 %

EYE opened at $11.51 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. National Vision Holdings, Inc. has a one year low of $9.56 and a one year high of $24.11. The company has a market cap of $906.02 million, a P/E ratio of -57.52, a PEG ratio of 2.94 and a beta of 1.42. The business’s 50-day simple moving average is $10.65 and its 200-day simple moving average is $12.20.

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

Analyst Ratings Changes

EYE has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. UBS Group decreased their price target on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Barclays dropped their price objective on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th.

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.