Investing in National Vision Holdings Inc. [EYE]: What You Must Know


In a filing, National Vision Holdings Inc. revealed its Director PEELER D RANDOLPH acquired Company’s shares for reported $0.45 million on May 23. In the deal valued at $25.73 per share,17,609 shares were bought. As a result of this transaction, PEELER D RANDOLPH now holds 148,880 shares worth roughly $ 2.67 million.

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Then, PEELER D RANDOLPH bought 22,861 shares, generating $585,013 in total proceeds. Upon buying the shares at $25.59, the Director now owns 131,271 shares.

Before that, TAYLOR THOMAS V bought 2,079 shares. National Vision Holdings Inc. shares valued at $49,979 were divested by the Director at a price of $24.04 per share. As a result of the transaction, TAYLOR THOMAS V now holds 25,556 shares, worth roughly $0.46 million.

Wells Fargo downgraded its National Vision Holdings Inc. [EYE] rating to an Equal weight from a an Overweight in a research note published on Friday, July 27, 2023; the price target was decreased to $21 from $30. PT values the company’s stock at a premium of 14.67 to its Friday closing price.

Price Performance Review of EYE

On Friday, National Vision Holdings Inc. [NASDAQ:EYE] saw its stock fall -2.13% to $17.92. On the same session, the stock had its day’s lowest price of $17.87, but rose to a high of $18.55. Over the last five days, the stock has lost -2.50%. National Vision Holdings Inc. shares have fallen nearly -53.77% since the year began. Nevertheless, the stocks have fallen -46.07% over the past one year. While a 52-week high of $43.82 was reached on 02/02/23, a 52-week low of $17.25 was recorded on 03/24/23. SMA at 50 days reached $21.83, while 200 days put it at $28.33. A total of 1.03 million shares were traded, compared to the trading of 1.27 million shares in the previous session.

Levels Of Support And Resistance For EYE Stock

The 24-hour chart illustrates a support level at 17.68, which if violated will result in even more drops to 17.43. On the upside, there is a resistance level at 18.36. A further resistance level may holdings at 18.79. The Relative Strength Index (RSI) on the 14-day chart is 29.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.51%. Stochastics %K at 9.97% indicates the stock is a buying.

How much short interest is there in National Vision Holdings Inc.?

A steep rise in short interest was recorded in National Vision Holdings Inc. stocks on Aug 14, 2023, dropping by -0.92 million shares to a total of 4.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.37 million shares. There was a decline of -20.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.04.

National Vision Holdings Inc. [EYE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,339,003 shares, or roughly 14.52% of the outstanding EYE shares. In other words, the investor’s shares have fallen by -429,663 from its previous 13-F filing of 11768666.0. Additionally, William Blair Investment Manageme increased 2.10% of its stake after which the total value it holdings stand at $191,938,737, while The Vanguard Group, Inc. reduced -1.72% of its stake to hold $187.02 million in the firm. Over the last quarter, ClearBridge Investments LLC purchased 34,461 shares of National Vision Holdings Inc., while Macquarie Investment Management B bought 97,405 shares. At present, JPMorgan Investment Management, I is holding 3,266,959 shares valued at $70.66 million. SSgA Funds Management, Inc. owned 3,051,716 shares of the company at the time of its most recent 13F filing, worth $66.01 million.

According to FactSet, National Vision Holdings Inc.’s share price will average $23.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.61 percent from its previous closing price of $18.31. Analysts expect National Vision Holdings Inc. stock to reach the higher price of $31.50, while the lowest price estimate is $19.00. However, 12 analysts have rated EYE stock as an Overweight in their predictions for 2023.


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