National Vision (EYE) Rating Increased to Hold at Zacks Investment Research

National Vision (NASDAQ:EYE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, May 30th.

According to Zacks, “National Vision Holdings, Inc. is involved in optical retail primarily in the United States. The company offer product and services for eye care needs through retail stores and consumer websites. Its brand portfolio consists of America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Walmart stores and Vista Optical locations inside Fred Meyer stores and on select military bases. National Vision Holdings, Inc. is headquartered in Duluth, Georgia. “

A number of other brokerages have also weighed in on EYE. Wells Fargo & Co set a $40.00 target price on National Vision and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Guggenheim reiterated a “buy” rating and set a $46.00 target price on shares of National Vision in a research note on Tuesday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.29.

NASDAQ:EYE traded down $0.78 on Wednesday, hitting $36.42. The company’s stock had a trading volume of 351,249 shares, compared to its average volume of 379,395. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.93 billion and a price-to-earnings ratio of 68.75. National Vision has a one year low of $27.19 and a one year high of $43.80.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, May 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $408.00 million during the quarter, compared to analysts’ expectations of $405.97 million. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. equities research analysts expect that National Vision will post 0.64 EPS for the current year.

In other National Vision news, major shareholder Fund Holdings Gp Ltd Kkr sold 9,632,145 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $31.68, for a total value of $305,146,353.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Vaught sold 14,887 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $31.68, for a total value of $471,620.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,870,180 shares of company stock worth $376,047,302. Corporate insiders own 2.82% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in shares of National Vision during the 4th quarter valued at $134,000. SG Americas Securities LLC acquired a new stake in shares of National Vision during the 4th quarter valued at $145,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of National Vision during the 4th quarter valued at $158,000. Strs Ohio acquired a new stake in shares of National Vision during the 4th quarter valued at $215,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of National Vision during the 1st quarter valued at $267,000. 98.72% of the stock is currently owned by institutional investors.

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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