ValuEngine cut shares of National Vision (NASDAQ:EYE) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.
Other analysts have also recently issued reports about the stock. Jefferies Financial Group set a $48.00 price target on shares of National Vision and gave the stock a buy rating in a report on Wednesday, November 14th. Citigroup raised their price target on shares of National Vision from $43.00 to $51.00 and gave the stock a buy rating in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of National Vision from a hold rating to a buy rating and set a $49.00 price target for the company in a report on Wednesday, September 26th. Barclays initiated 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 for the company. Finally, Bank of America raised their price target on shares of National Vision from $42.00 to $45.00 and gave the stock a neutral rating in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $48.13.
Shares of National Vision stock traded down $3.16 during trading on Friday, hitting $32.36. The stock had a trading volume of 1,445,046 shares, compared to its average volume of 1,150,009. The company has a market cap of $2.74 billion, a P/E ratio of 61.06, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 0.57. National Vision has a 1 year low of $29.55 and a 1 year high of $46.63.
National Vision (NASDAQ:EYE) last released its earnings results on Tuesday, November 13th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $387.40 million for the quarter, compared to the consensus estimate of $374.81 million. National Vision had a net margin of 4.83% and a return on equity of 7.18%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. On average, analysts expect that National Vision will post 0.53 EPS for the current fiscal year.
In other National Vision news, SVP Mitchell Goodman sold 94,576 shares of National Vision stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $40.20, for a total value of $3,801,955.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Vaught sold 26,477 shares of National Vision stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $43.32, for a total transaction of $1,146,983.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,556,477 shares of company stock valued at $504,879,484. 2.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EYE. Select Equity Group L.P. acquired a new stake in National Vision in the third quarter valued at approximately $185,118,000. FMR LLC lifted its stake in National Vision by 39.3% in the third quarter. FMR LLC now owns 9,911,835 shares of the company’s stock valued at $447,420,000 after acquiring an additional 2,797,989 shares during the last quarter. Vanguard Group Inc. lifted its stake in National Vision by 48.8% in the third quarter. Vanguard Group Inc. now owns 4,266,442 shares of the company’s stock valued at $192,587,000 after acquiring an additional 1,398,566 shares during the last quarter. BlackRock Inc. lifted its stake in National Vision by 47.4% in the third quarter. BlackRock Inc. now owns 3,205,795 shares of the company’s stock valued at $144,712,000 after acquiring an additional 1,030,519 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in National Vision in the third quarter valued at approximately $31,754,000.
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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