National Vision (NASDAQ:EYE) Trading Down 6.5% – Time to Sell?

National Vision Holdings, Inc. (NASDAQ:EYE) traded down 6.5% during trading on Tuesday . The company traded as low as $16.34 and last traded at $16.38. Approximately 525,397 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,840,360 shares. The stock had previously closed at $17.51.

Analysts Set New Price Targets

Several brokerages recently weighed in on EYE. Guggenheim set a $27.00 price objective on National Vision in a research report on Friday. Citigroup dropped their target price on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Roth Capital reissued a “buy” rating and set a $27.00 price target on shares of National Vision in a research note on Thursday, August 13th. Weiss Ratings cut National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, UBS Group lowered their price objective on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, National Vision presently has an average rating of “Moderate Buy” and a consensus target price of $29.82.

National Vision Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98. The company has a 50 day simple moving average of $19.49 and a 200-day simple moving average of $21.17.

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

Institutional Trading of National Vision

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its holdings in 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of National Vision during the second quarter worth about $38,000. EverSource Wealth Advisors LLC increased its position in shares of National Vision by 176.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock worth $42,000 after acquiring an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of National Vision by 416.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,047 shares of the company’s stock worth $53,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in National Vision in the 2nd quarter valued at about $101,000.

About National Vision

National Vision Holdings, Inc (NASDAQ:EYE) is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America’s Best Contacts & Eyeglasses and Eyeglass World brands. America’s Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.