Zacks Investment Research Downgrades National Vision (EYE) to Sell

Zacks Investment Research cut shares of National Vision (NASDAQ:EYE) from a hold rating to a sell rating in a research report report published on Tuesday morning.

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 research analysts also recently commented on the stock. Citigroup reduced their price objective on shares of 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 shares of National Vision and gave the company a buy rating in a research note on Wednesday, November 14th. Morgan Stanley increased their price objective on shares of National Vision from $49.00 to $53.00 and gave the company an overweight rating in a research note on Thursday, October 11th. ValuEngine upgraded shares of National Vision from a buy rating to a strong-buy rating in a research note on Tuesday, October 9th. Finally, William Blair assumed coverage on shares of National Vision in a research note on Wednesday, October 3rd. They set an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $48.13.

Shares of EYE stock opened at $32.36 on Tuesday. The firm has a market capitalization of $2.74 billion, a PE ratio of 61.06, a PEG ratio of 3.98 and a beta of 1.53. 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 twelve month low of $29.55 and a twelve month high of $46.63.

National Vision (NASDAQ:EYE) last announced its earnings results on Tuesday, November 13th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. National Vision had a net margin of 4.83% and a return on equity of 7.18%. The business had revenue of $387.40 million during the quarter, compared to the consensus estimate of $374.81 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, research analysts predict that National Vision will post 0.53 EPS for the current year.

In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $44.21, for a total transaction of $442,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Vaught sold 26,477 shares of the stock in a transaction 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. Insiders have sold a total of 12,556,477 shares of company stock worth $504,879,484 over the last quarter. 2.82% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in shares of National Vision by 41.8% during the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock worth $239,000 after purchasing an additional 1,931 shares during the period. Bank of Montreal Can raised its holdings in shares of National Vision by 1,774.4% during the third quarter. Bank of Montreal Can now owns 4,536 shares of the company’s stock worth $205,000 after purchasing an additional 4,294 shares during the period. Prudential Financial Inc. acquired a new stake in shares of National Vision during the third quarter worth $204,000. GSA Capital Partners LLP acquired a new stake in shares of National Vision during the third quarter worth $235,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of National Vision during the third quarter worth $247,000.

National Vision Company Profile

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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