National Vision Holdings, Inc. (NASDAQ:EYE) Stock Has Average Price Target of $29.82

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.82.

A number of brokerages have issued reports on EYE. UBS Group cut their price target on shares of National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley reduced their target price on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. Guggenheim set a $27.00 target price on shares of National Vision in a report on Friday, September 11th. Citigroup decreased their price target on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP grew its position in shares of National Vision by 2.3% during the first quarter. Quantinno Capital Management LP now owns 26,323 shares of the company’s stock worth $682,000 after buying an additional 586 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of National Vision by 2.4% during the first quarter. HB Wealth Management LLC now owns 33,451 shares of the company’s stock worth $866,000 after buying an additional 776 shares during the period. Versant Capital Management Inc increased its stake in shares of National Vision by 96.2% during the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after buying an additional 877 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of National Vision by 56.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the company’s stock worth $66,000 after buying an additional 917 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in National Vision by 147.6% in the third quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock valued at $30,000 after acquiring an additional 1,097 shares in the last quarter.

National Vision Trading Down 2.0%

Shares of NASDAQ EYE opened at $16.79 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.33 billion, a PE ratio of 23.79, a PEG ratio of 1.35 and a beta of 0.96. National Vision has a twelve month low of $14.75 and a twelve month high of $30.02. The stock has a fifty day simple moving average of $17.00 and a 200-day simple moving average of $21.28.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%. The firm had revenue of $498.81 million for the quarter. During the same period in the previous year, the company posted $0.18 EPS. National Vision’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that National Vision will post 0.65 earnings per share for the current year.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides prescription eyewear, contact lenses, eye examinations and related vision-care services. The company operates primarily in the United States through a network of retail optical locations and digital channels.

Its principal brands include America’s Best Contacts & Eyeglasses, which offers eye exams, prescription glasses and contact lenses at value-oriented prices, and Eyeglass World, which provides similar products and services.