National Vision Holdings Inc (NASDAQ:EYE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.00.
Several research analysts have recently commented on EYE shares. Zacks Investment Research upgraded National Vision from a “sell” rating to a “hold” rating in a research report on Monday. Citigroup lowered their price target on National Vision from $51.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. Jefferies Financial Group set a $48.00 price target on National Vision and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Morgan Stanley raised their price target on National Vision from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, ValuEngine upgraded National Vision from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 9th.
Shares of National Vision stock opened at $37.21 on Friday. The company has a market capitalization of $2.91 billion and a P/E ratio of 70.21. National Vision has a fifty-two week low of $29.55 and a fifty-two week high of $46.63. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.
National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Tuesday, November 13th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $387.40 million during the quarter, compared to analyst estimates of $374.81 million. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Equities research analysts predict that National Vision will post 0.53 EPS for the current year.
In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $44.43, for a total value of $444,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director D Randolph Peeler sold 2,351,165 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $40.20, for a total value of $94,516,833.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 450 shares of company stock worth $19,737 and sold 12,556,477 shares worth $504,970,984. 2.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in National Vision by 41.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after buying an additional 1,931 shares in the last quarter. Bank of Montreal Can raised its stake in National Vision by 1,774.4% in the third quarter. Bank of Montreal Can now owns 4,536 shares of the company’s stock valued at $205,000 after buying an additional 4,294 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of National Vision during the third quarter worth about $204,000. GSA Capital Partners LLP purchased a new position in shares of National Vision during the third quarter worth about $235,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of National Vision during the third quarter worth about $247,000.
National Vision Company Profile
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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