Shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) received an average recommendation of “Hold” by the eleven research firms that currently cover the company, MarketBeat reports. One equity research analyst rated the stock with a sell recommendation, two assigned a hold recommendation and four gave the company a buy recommendation. The 1-year average price target among analysts who have updated their coverage of the stock in the past year is $51.67.
Several brokerages have published reports on EYE. TheStreet downgraded National Vision’s shares from a “b-” rating to a “c+” rating in a Wednesday, March 30 research report. Morgan Stanley cut its price target on National Vision shares from $65.00 to $40.00 and set an “overweight” rating for the company in a Thursday, June 16 research note. Barclays raised its target price on National Vision shares from $43.00 to $52.00 in a research note on Friday, April 1. Finally, Goldman Sachs Group upgraded National Vision shares from a “neutral” rating to a “buy” rating and raised its price target for the company from $31.00 to $32.00 in a rating of search for Monday, June 27.
Insider Trading at National Vision
Separately, director Virginia A. Hepner purchased 1,000 shares of the company in a transaction that took place on Friday, May 13. The shares were purchased at an average cost of $25.71 per share, with a total value of $25,710.00. Following the completion of the acquisition, the director now directly owns 12,588 shares of the company, valued at approximately $323,637.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news from National Vision, SVP Jared Brandman bought 5,000 shares in a trade Thursday, May 12. The shares were purchased at an average price of $23.25 per share, for a total transaction of $116,250.00. Following the completion of the purchase, the senior vice president now directly owns 18,697 shares of the company, valued at $434,705.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Virginia A. Hepner purchased 1,000 shares in a trade dated Friday, May 13. The shares were purchased at an average price of $25.71 per share, with a total value of $25,710.00. As a result of the transaction, the administrator now directly owns 12,588 shares of the company, valued at approximately $323,637.48. Disclosure of this purchase can be found here. Company insiders own 2.30% of the company’s shares.
Hedge funds weigh on national vision
Institutional investors and hedge funds have recently been buying and selling stocks. The New York State Common Retirement Fund increased its position in National Vision by 12.9% in the fourth quarter. The New York State Common Retirement Fund now owns 178,920 shares of the company valued at $8,586,000 after purchasing an additional 20,431 shares in the last quarter. Landscape Capital Management LLC increased its stake in National Vision by 358.7% in Q4. Landscape Capital Management LLC now owns 37,549 shares of the company valued at $1,802,000 after acquiring 29,363 additional shares in the last quarter. Barclays PLC increased its stake in National Vision by 23.1% in the fourth quarter. Barclays PLC now owns 115,734 shares in the company valued at $5,554,000 after acquiring a further 21,690 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in National Vision in Q4 valued at approximately $146,000. Finally, William Blair Investment Management LLC increased its stake in National Vision by 28.4% in the 4th quarter. William Blair Investment Management LLC now owns 4,920,741 shares of the company valued at $236,146,000 after acquiring an additional 1,087,551 shares in the last quarter.
National Vision Trading up 3.3%
NASDAQ:EYE shares opened at $30.29 on Friday. National Vision has a 52-week low of $22.59 and a 52-week high of $65.92. The company’s 50-day moving average is $27.77 and its two-hundred-day moving average is $36.32. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt ratio of 0.59. The company has a market capitalization of $2.47 billion, a PE ratio of 23.66, a P/E/G ratio of 2.49 and a beta of 1.71.
National Vision (NASDAQ:EYE – Get Rating) last released its results on Tuesday, May 10. The company reported EPS of $0.29 for the quarter, beating consensus analyst estimates of $0.23 by $0.06. The company posted revenue of $527.70 million for the quarter, versus a consensus estimate of $538.38 million. National Vision had a net margin of 5.55% and a return on equity of 10.96%. The company’s revenue was down 1.2% year-over-year. During the same period last year, the company posted EPS of $0.45. Stock analysts predict National Vision will post earnings per share of 0.53 for the current fiscal year.
About National Vision
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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, as well as optical accessory products; offers eye exams through its military America’s Best, Eyeglass World, Vista Optical, Fred Meyer and Vista Optical, as well as Vision Center branded stores; and provides health maintenance organization and optometry services.
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