National Vision (NASDAQ:EYE) had its price target boosted by Loop Capital to $30.00 in a research report sent to investors on Friday, The Fly reports. They currently have a hold rating on the stock.
Several other analysts have also issued reports on EYE. Guggenheim reiterated a buy rating and issued a $40.00 target price on shares of National Vision in a research note on Thursday, May 9th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research note on Wednesday, May 29th. TheStreet upgraded shares of Stitch Fix from a d rating to a c- rating in a research note on Wednesday, June 26th. Berenberg Bank reiterated a hold rating and issued a GBX 300 ($3.92) target price on shares of Forterra in a research note on Wednesday, May 29th. Finally, Goldman Sachs Group upgraded shares of Altria Group from a neutral rating to a buy rating and set a $59.00 target price for the company in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. National Vision has an average rating of Buy and a consensus price target of $42.00.
Shares of EYE stock opened at $30.94 on Friday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 3.24 and a beta of 1.43. The company’s fifty day simple moving average is $29.53. The company has a quick ratio of 0.53, a current ratio of 0.91 and a debt-to-equity ratio of 1.17. National Vision has a 12 month low of $25.60 and a 12 month high of $46.63.
National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $461.22 million during the quarter, compared to analyst estimates of $455.42 million. National Vision had a net margin of 1.12% and a return on equity of 6.29%. National Vision’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Research analysts anticipate that National Vision will post 0.52 EPS for the current year.
In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $27.34, for a total transaction of $273,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeff Busbee sold 50,744 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $28.60, for a total transaction of $1,451,278.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,657 shares of company stock valued at $3,572,511. 2.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of National Vision by 31.6% in the fourth quarter. BlackRock Inc. now owns 4,219,873 shares of the company’s stock worth $118,873,000 after buying an additional 1,014,078 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of National Vision by 41.2% in the first quarter. JPMorgan Chase & Co. now owns 3,464,450 shares of the company’s stock worth $108,887,000 after buying an additional 1,010,344 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of National Vision by 3.1% in the first quarter. TimesSquare Capital Management LLC now owns 3,084,140 shares of the company’s stock worth $96,935,000 after buying an additional 92,065 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of National Vision by 63.4% in the first quarter. Clearbridge Investments LLC now owns 2,388,246 shares of the company’s stock worth $75,063,000 after buying an additional 926,226 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of National Vision by 2.9% in the first quarter. Eagle Asset Management Inc. now owns 2,200,319 shares of the company’s stock worth $69,156,000 after buying an additional 62,975 shares in the last quarter.
About National Vision
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.
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