UBS Group Cuts National Vision (NASDAQ:EYE) Price Target to $39.00

National Vision (NASDAQ:EYE) had its price objective lowered by UBS Group from $41.00 to $39.00 in a research report report published on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

EYE has been the subject of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Roth Capital started coverage on shares of National Vision in a report on Wednesday, July 30th. They issued a “buy” rating and a $36.00 target price for the company. The Goldman Sachs Group boosted their price target on National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Citigroup lifted their price objective on National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

National Vision Stock Down 0.5%

National Vision stock opened at $24.59 on Tuesday. The stock’s 50 day moving average price is $26.10 and its 200 day moving average price is $23.64. National Vision has a 1-year low of $9.93 and a 1-year high of $29.59. The company has a market cap of $1.95 billion, a PE ratio of -819.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $487.33 million during the quarter, compared to analysts’ expectations of $472.98 million. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.National Vision’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. On average, sell-side analysts predict that National Vision will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of National Vision stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 544,795 shares in the company, valued at $13,254,862.35. The trade was a 20.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Vision

A number of institutional investors have recently made changes to their positions in EYE. Castleark Management LLC lifted its position in shares of National Vision by 37.9% in the third quarter. Castleark Management LLC now owns 352,276 shares of the company’s stock valued at $10,283,000 after acquiring an additional 96,806 shares in the last quarter. Woodline Partners LP acquired a new position in National Vision in the 3rd quarter valued at about $10,107,000. PharVision Advisers LLC purchased a new position in National Vision in the 3rd quarter valued at about $299,000. Quarry LP boosted its stake in shares of National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of National Vision during the third quarter worth about $281,000.

About National Vision

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.