National Vision (NASDAQ:EYE) received a $34.00 target price from Wells Fargo & Company in a research note issued on Monday, November 20th, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Wells Fargo & Company’s price target points to a potential upside of 3.50% from the company’s previous close.
The analysts wrote, “We view National Vision as an attractive core holding for small/midcap growth investors with a favorable set-up at this stage in the economic cycle owing to both offensive (white space, +MSD comps) and defensive (recurring revenue, subscription club, recession resistance) characteristics. A model with visibility; an eye on value in historically high- priced category. Challenges across retail have been well documented, but National Vision has outgrown peers and taken share by offering low prices and free eye exams to an underserved value segment of the market. Over the past 10 years, value players have outgrown the industry by nearly 2x (6.6% vs. 3.4% CAGR), with National Vision a key contributor posting 62 straight quarters of positive comps (+5% during this time, including recession). A look ahead; we model double-digit sales & profit growth. Over the next 3-5 years, we expect National Vision to post ~10% EBITDA and.””
Separately, Citigroup assumed coverage on shares of National Vision in a research report on Monday, November 20th. They set a “buy” rating and a $35.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.67.
National Vision (EYE) traded up $0.21 during trading hours on Monday, reaching $32.85. 481,563 shares of the company were exchanged, compared to its average volume of 418,967. National Vision has a 1-year low of $27.19 and a 1-year high of $33.88.
In related news, COO Raymond J. Mcallister purchased 11,200 shares of National Vision stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $246,400.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Patrick R. Moore purchased 4,500 shares of National Vision stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $22.00 per share, for a total transaction of $99,000.00. The disclosure for this purchase can be found here.
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National Vision Company Profile
National Vision Holdings, Inc is an optical retail company. The Company is focused on offering a variety of products and services for customers’ eye care needs. The Company’s segments include owned & host segment and legacy segment. The owned & host segment includes two owned brands, America’s Best and Eyeglass World, and Vista Optical locations in Fred Meyer stores.
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