National Vision Holdings Inc (NASDAQ:EYE) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 2,622,318 shares, an increase of 46.8% from the September 28th total of 1,786,375 shares. Based on an average daily volume of 486,658 shares, the days-to-cover ratio is presently 5.4 days. Approximately 5.2% of the company’s stock are sold short.

National Vision stock opened at $41.16 on Monday. National Vision has a 12-month low of $27.38 and a 12-month high of $46.63. The stock has a market cap of $3.11 billion and a P/E ratio of 77.66. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 0.78.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The firm had revenue of $385.53 million during the quarter, compared to analysts’ expectations of $371.40 million. During the same period last year, the business earned $0.12 earnings per share. National Vision’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that National Vision will post 0.66 earnings per share for the current year.

In related news, major shareholder Vision Aggregator L.P. Kkr sold 1,742,007 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total transaction of $66,649,187.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeff Busbee sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total transaction of $259,479.32. The disclosure for this sale can be found here. In the last 90 days, insiders bought 450 shares of company stock valued at $19,509 and sold 2,212,827 shares valued at $84,936,335. Insiders own 2.82% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in National Vision by 24.5% during the second quarter. Wells Fargo & Company MN now owns 331,378 shares of the company’s stock worth $12,119,000 after buying an additional 65,252 shares during the period. Legal & General Group Plc boosted its stake in National Vision by 390.2% during the first quarter. Legal & General Group Plc now owns 22,249 shares of the company’s stock worth $719,000 after buying an additional 17,710 shares during the period. Teacher Retirement System of Texas purchased a new position in National Vision during the second quarter worth about $249,000. Voya Investment Management LLC boosted its stake in National Vision by 72.0% during the second quarter. Voya Investment Management LLC now owns 841,343 shares of the company’s stock worth $30,768,000 after buying an additional 352,141 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in National Vision by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 322,699 shares of the company’s stock worth $11,801,000 after buying an additional 47,596 shares during the period.

A number of brokerages have issued reports on EYE. Zacks Investment Research lowered shares of National Vision from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. William Blair started coverage on shares of National Vision in a report on Wednesday, October 3rd. They set an “outperform” rating on the stock. Barclays began coverage on shares of National Vision in a report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 price target on the stock. ValuEngine upgraded shares of National Vision from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 9th. Finally, Jefferies Financial Group set a $45.00 price objective on shares of National Vision and gave the stock a “buy” rating in a research report on Monday, July 30th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.00.

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.

Recommended Story: Stop Order Uses For Individual Investors

Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.