Shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Free Report) have received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.7273.
EYE has been the topic of several analyst reports. Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group lifted their target price on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday. Roth Capital initiated coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 target price on the stock. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the company a “market perform” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company boosted their price objective on shares of National Vision from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday.
Read Our Latest Stock Analysis on EYE
National Vision Trading Down 6.3%
National Vision (NASDAQ:EYE – Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.18 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 company had revenue of $486.42 million for the quarter, compared to the consensus estimate of $469.21 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that National Vision will post 0.31 earnings per share for the current year.
Insider Activity at National Vision
In other news, SVP Ravi Acharya sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total transaction of $225,000.00. Following the sale, the senior vice president owned 11,700 shares in the company, valued at approximately $219,375. The trade was a 50.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.
Institutional Trading of National Vision
A number of hedge funds have recently modified their holdings of EYE. Meeder Asset Management Inc. bought a new stake in shares of National Vision during the 1st quarter valued at $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after buying an additional 1,230 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of National Vision by 87.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company’s stock valued at $73,000 after buying an additional 3,291 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of National Vision during the 2nd quarter valued at $83,000. Finally, GAMMA Investing LLC boosted its holdings in shares of National Vision by 49.2% during the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock valued at $94,000 after buying an additional 2,412 shares in the last quarter.
National Vision Company Profile
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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