National Vision Holdings Inc (NASDAQ:EYE) has been assigned an average recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $48.00.
A number of brokerages recently weighed in on EYE. Zacks Investment Research downgraded National Vision from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup cut their price objective on National Vision from $51.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Jefferies Financial Group set a $48.00 price objective on National Vision and gave the company a “buy” rating in a research note on Wednesday, November 14th. Morgan Stanley raised their price objective on National Vision from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. Finally, ValuEngine raised National Vision from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 9th.
In other National Vision news, SVP John Vaught sold 26,477 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $43.32, for a total value of $1,146,983.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $44.21, for a total value of $442,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 12,546,477 shares of company stock worth $504,526,684. Insiders own 2.82% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EYE. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 1,931 shares during the last quarter. Bank of Montreal Can grew 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 acquiring an additional 4,294 shares during the period. Prudential Financial Inc. acquired a new position in National Vision in the third quarter valued at about $204,000. GSA Capital Partners LLP acquired a new position in National Vision in the third quarter valued at about $235,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in National Vision in the third quarter valued at about $247,000.
Shares of NASDAQ:EYE traded down $1.99 during midday trading on Friday, reaching $36.34. The company had a trading volume of 603,290 shares, compared to its average volume of 1,084,874. 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 has a 1-year low of $29.55 and a 1-year high of $46.63. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 68.57, a price-to-earnings-growth ratio of 4.29 and a beta of 1.53.
National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The firm had revenue of $387.40 million during the quarter, compared to analyst estimates of $374.81 million. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that National Vision will post 0.53 earnings per share 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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