National Vision (NASDAQ:EYE) Stock Falls 4.9% – What’s Next?

National Vision Holdings, Inc. (NASDAQ:EYE)’s share price traded down 4.9% on Tuesday. The company traded as low as $16.85 and last traded at $16.9210. Approximately 767,389 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,849,821 shares. The stock had previously closed at $17.80.

Wall Street Analysts Forecast Growth

EYE has been the topic of several analyst reports. 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 report on Thursday, August 13th. Roth Capital restated a “buy” rating and set a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Citigroup decreased their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Morgan Stanley lowered their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, National Vision has a consensus rating of “Moderate Buy” and a consensus price target of $29.82.

National Vision Stock Performance

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.48 and a beta of 0.98. The stock’s fifty day moving average is $17.13 and its two-hundred day moving average is $21.50. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.

Institutional Trading of National Vision

Several institutional investors and hedge funds have recently bought and sold shares of EYE. BlackRock Inc. acquired a new stake in National Vision during the 2nd quarter worth approximately $230,295,000. William Blair Investment Management LLC bought a new stake in National Vision in the 2nd quarter valued at $90,248,000. Wellington Management Group LLP boosted its stake in National Vision by 39.6% in the 2nd quarter. Wellington Management Group LLP now owns 7,669,853 shares of the company’s stock valued at $145,804,000 after purchasing an additional 2,173,887 shares during the period. Bank of America Corp DE acquired a new position in National Vision in the 2nd quarter valued at $16,174,000. Finally, Avalon Trust Co acquired a new position in National Vision in the 2nd quarter valued at $14,481,000.

About National Vision

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.