National Vision (NASDAQ:EYE) Stock Price Down 5.2% – Here’s Why

National Vision Holdings, Inc. (NASDAQ:EYE) shares fell 5.2% on Monday . The stock traded as low as $9.97 and last traded at $10.02. 598,372 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,440,316 shares. The stock had previously closed at $10.57.

National Vision Stock Performance

The business’s 50-day moving average price is $11.22 and its 200-day moving average price is $11.43. The stock has a market cap of $820.58 million, a P/E ratio of -52.10, a P/E/G ratio of 3.10 and a beta of 1.41. 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 (NASDAQ:EYE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. As a group, sell-side analysts expect that National Vision Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of National Vision

Institutional investors and hedge funds have recently modified their holdings of the company. Versor Investments LP lifted its position in shares of National Vision by 140.6% in the second quarter. Versor Investments LP now owns 52,260 shares of the company’s stock valued at $684,000 after acquiring an additional 30,537 shares in the last quarter. Victory Capital Management Inc. boosted its stake in National Vision by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 58,035 shares of the company’s stock worth $760,000 after purchasing an additional 3,228 shares during the period. Quest Partners LLC grew its holdings in National Vision by 37.5% during the 2nd quarter. Quest Partners LLC now owns 13,571 shares of the company’s stock valued at $178,000 after buying an additional 3,702 shares in the last quarter. Headlands Technologies LLC grew its holdings in National Vision by 688.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after buying an additional 7,640 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of National Vision by 21.5% during the second quarter. American Century Companies Inc. now owns 110,628 shares of the company’s stock valued at $1,448,000 after buying an additional 19,563 shares during the last quarter.

National Vision Company Profile

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.