Shares of National Vision Holdings Inc (NASDAQ:EYE) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.38.
A number of analysts have recently issued reports on EYE shares. Zacks Investment Research lowered National Vision from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Wells Fargo & Co lifted their target price on National Vision from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 30th. Finally, Jefferies Financial Group set a $45.00 target price on National Vision and gave the stock a “buy” rating in a research report on Monday, July 30th.
In other news, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $38.05, for a total transaction of $380,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Chris Beasley sold 6,219 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $38.97, for a total value of $242,354.43. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 450 shares of company stock valued at $18,146 and have sold 16,585,169 shares valued at $634,635,481. Insiders own 2.82% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in National Vision by 41.8% during the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock worth $239,000 after purchasing an additional 1,931 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in National Vision by 69.8% during the first quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock worth $352,000 after purchasing an additional 4,479 shares in the last quarter. Barclays PLC raised its holdings in National Vision by 225.9% during the first quarter. Barclays PLC now owns 9,490 shares of the company’s stock worth $307,000 after purchasing an additional 6,578 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in National Vision during the second quarter worth approximately $249,000. Finally, American International Group Inc. raised its holdings in National Vision by 57.6% during the first quarter. American International Group Inc. now owns 19,487 shares of the company’s stock worth $630,000 after purchasing an additional 7,119 shares in the last quarter.
NASDAQ:EYE traded down $0.21 during mid-day trading on Friday, hitting $44.68. The company had a trading volume of 445,165 shares, compared to its average volume of 464,226. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 0.55. National Vision has a 1 year low of $27.19 and a 1 year high of $46.63. The firm has a market capitalization of $3.39 billion and a PE ratio of 84.30.
National Vision (NASDAQ:EYE) last announced its earnings results on Tuesday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The business had revenue of $385.53 million for the quarter, compared to analyst estimates of $371.40 million. During the same period in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities analysts anticipate that National Vision will post 0.62 EPS for the current year.
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.
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