National Vision (NASDAQ:EYE) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.
Several other analysts have also recently commented on EYE. Jefferies Financial Group set a $50.00 price target on National Vision and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research cut National Vision from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Bank of America boosted their price target on National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Citigroup boosted their price target on National Vision from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Barclays assumed coverage on National Vision in a research report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. National Vision presently has an average rating of “Buy” and a consensus price target of $48.13.
Shares of EYE traded down $3.16 during trading hours on Friday, hitting $32.36. 1,444,746 shares of the stock were exchanged, compared to its average volume of 539,574. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.57 and a current ratio of 1.07. National Vision has a 12-month low of $29.55 and a 12-month high of $46.63. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 4.07 and a beta of 1.53.
National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ 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 analysts’ expectations of $374.81 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that National Vision will post 0.53 earnings per share for the current year.
In other National Vision news, SVP John Vaught sold 26,477 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO L Reade Fahs sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $43.76, for a total value of $437,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,556,477 shares of company stock valued at $504,879,484. 2.82% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Prudential Financial Inc. purchased a new stake in National Vision in the 3rd quarter valued at $204,000. Bank of Montreal Can grew its holdings in National Vision by 1,774.4% in the 3rd 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. GSA Capital Partners LLP purchased a new stake in National Vision in the 3rd quarter valued at $235,000. Dorsey & Whitney Trust CO LLC purchased a new stake in National Vision in the 3rd quarter valued at $247,000. Finally, PNC Financial Services Group Inc. grew its holdings in National Vision by 41.8% in the 2nd 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.
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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