National Vision (NASDAQ:EYE) Shares Down 4.5% – Should You Sell?

National Vision Holdings, Inc. (NASDAQ:EYE) fell 4.5% on Monday . The company traded as low as $10.98 and last traded at $11.05. 301,141 shares were traded during trading, a decline of 79% from the average session volume of 1,446,023 shares. The stock had previously closed at $11.57.

National Vision Stock Performance

The company has a 50 day simple moving average of $11.15 and a 200-day simple moving average of $11.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The stock has a market cap of $867.83 million, a P/E ratio of -55.10, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in National Vision by 28.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock worth $38,952,000 after purchasing an additional 656,656 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of National Vision by 115.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock worth $32,453,000 after purchasing an additional 1,330,023 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of National Vision by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock worth $20,737,000 after buying an additional 45,754 shares during the period. Marshall Wace LLP raised its holdings in National Vision by 85.6% during the 2nd quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock valued at $23,062,000 after buying an additional 812,513 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in National Vision by 17.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock valued at $15,408,000 after buying an additional 208,684 shares during the period.

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.