Analysts Set National Vision Holdings, Inc. (NASDAQ:EYE) PT at $24.73

National Vision Holdings, Inc. (NASDAQ:EYEGet Free Report) has been given an average recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.7273.

Several analysts have recently issued reports on EYE shares. Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. National Bankshares set a $30.00 target price on shares of National Vision in a research note on Tuesday, July 8th. Roth Capital initiated coverage on shares of National Vision in a research report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target for the company. Finally, Wall Street Zen upgraded shares of National Vision from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th.

Check Out Our Latest Stock Report on National Vision

Insiders Place Their Bets

In related news, Chairman L Reade Fahs sold 137,400 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the completion of the transaction, the chairman owned 544,795 shares in the company, valued at approximately $13,254,862.35. This represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On National Vision

Several institutional investors have recently added to or reduced their stakes in EYE. William Blair Investment Management LLC bought a new position in National Vision during the second quarter valued at about $81,908,000. American Century Companies Inc. grew its position in National Vision by 2,030.3% during the second quarter. American Century Companies Inc. now owns 3,495,751 shares of the company’s stock valued at $80,437,000 after buying an additional 3,331,657 shares during the period. Engine Capital Management LP boosted its position in National Vision by 53.3% during the first quarter. Engine Capital Management LP now owns 3,875,701 shares of the company’s stock worth $49,531,000 after purchasing an additional 1,347,648 shares during the period. Bank of America Corp DE increased its stake in shares of National Vision by 127.9% in the second quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock worth $45,234,000 after purchasing an additional 1,103,213 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in shares of National Vision in the second quarter worth about $25,070,000.

National Vision Stock Performance

NASDAQ EYE opened at $25.70 on Friday. National Vision has a 1 year low of $9.56 and a 1 year high of $29.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -142.78, a PEG ratio of 2.80 and a beta of 1.30. The company has a fifty day moving average price of $25.41 and a 200-day moving average price of $21.64.

National Vision (NASDAQ:EYEGet Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The firm had revenue of $486.42 million during the quarter, compared to analyst estimates of $469.21 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that National Vision will post 0.31 EPS for the current fiscal year.

About National Vision

(Get Free Report)

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.

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Analyst Recommendations for National Vision (NASDAQ:EYE)

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