National Vision (NASDAQ:EYE) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of National Vision (NASDAQ:EYE) from a buy rating to a hold rating in a report released on Tuesday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Wells Fargo & Co set a $37.00 target price on National Vision and gave the company a buy rating in a research report on Friday, September 6th. TheStreet upgraded National Vision from a d+ rating to a c- rating in a research report on Wednesday, June 26th. Zacks Investment Research upgraded National Vision from a sell rating to a hold rating and set a $31.00 target price for the company in a research report on Wednesday, May 29th. Loop Capital upgraded National Vision from a hold rating to a buy rating and increased their target price for the company from $30.00 to $37.00 in a research report on Wednesday, August 7th. Finally, Berenberg Bank started coverage on National Vision in a research report on Wednesday, May 29th. They issued a buy rating and a $38.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $41.60.

NASDAQ:EYE opened at $24.93 on Tuesday. The stock’s 50-day simple moving average is $28.73 and its 200 day simple moving average is $29.38. The firm has a market capitalization of $1.96 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 2.85 and a beta of 1.48. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.16. National Vision has a twelve month low of $24.17 and a twelve month high of $46.37.



National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $429.50 million during the quarter, compared to analyst estimates of $423.27 million. National Vision had a net margin of 0.92% and a return on equity of 6.30%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, analysts anticipate that National Vision will post 0.55 EPS for the current fiscal year.

In other news, SVP John Vaught sold 48,611 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total transaction of $1,463,677.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of EYE. Strs Ohio bought a new position in shares of National Vision during the second quarter worth about $46,000. Aperio Group LLC bought a new position in shares of National Vision during the second quarter worth about $59,000. Tower Research Capital LLC TRC bought a new position in shares of National Vision during the second quarter worth about $75,000. Panagora Asset Management Inc. bought a new position in shares of National Vision during the second quarter worth about $201,000. Finally, Prudential Financial Inc. bought a new position in shares of National Vision during the second quarter worth about $206,000.

National Vision Company Profile

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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Analyst Recommendations for National Vision (NASDAQ:EYE)

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