Shares of National Vision Holdings Inc (NASDAQ:EYE) rose 5.3% on Friday . The stock traded as high as $31.45 and last traded at $30.92. Approximately 1,586,409 shares traded hands during trading, an increase of 93% from the average daily volume of 821,039 shares. The stock had previously closed at $29.35.
A number of equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of National Vision from $51.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. Jefferies Financial Group set a $48.00 price objective on shares of National Vision and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Zacks Investment Research raised shares of National Vision from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, September 26th. ValuEngine downgraded shares of National Vision from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 7th. Finally, Barclays assumed coverage on shares of National Vision in a research note on Tuesday, October 2nd. They issued an “equal weight” rating and a $50.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.13.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.57 and a current ratio of 1.07. The firm has a market capitalization of $2.28 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 2.40 and a beta of 1.96.
In other news, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $27.79, for a total transaction of $277,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mitchell Goodman sold 94,576 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $40.20, for a total transaction of $3,801,955.20. The disclosure for this sale can be found here. Insiders sold 12,530,000 shares of company stock worth $503,572,800 over the last ninety days. Corporate insiders own 2.82% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in EYE. Rhumbline Advisers boosted its holdings in National Vision by 56.0% in the second quarter. Rhumbline Advisers now owns 31,995 shares of the company’s stock valued at $1,170,000 after purchasing an additional 11,480 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of National Vision by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 322,699 shares of the company’s stock worth $11,801,000 after acquiring an additional 47,596 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of National Vision by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 173,137 shares of the company’s stock worth $6,332,000 after acquiring an additional 29,165 shares during the period. Swiss National Bank acquired a new position in shares of National Vision in the second quarter worth about $2,139,000. Finally, BlackRock Inc. raised its position in shares of National Vision by 14.8% in the second quarter. BlackRock Inc. now owns 2,175,276 shares of the company’s stock worth $79,550,000 after acquiring an additional 279,928 shares during the period.
National Vision Company Profile (NASDAQ:EYE)
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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.
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