National Vision Holdings Inc (NASDAQ:EYE) Receives $38.25 Average PT from Analysts

Shares of National Vision Holdings Inc (NASDAQ:EYE) have earned an average rating of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $38.25.

EYE has been the subject of a number of research analyst reports. Wells Fargo & Co reduced their price objective on shares of National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Loop Capital upgraded shares of National Vision from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $37.00 in a research report on Wednesday, August 7th. ValuEngine cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. TheStreet upgraded shares of National Vision from a “d+” rating to a “c-” rating in a research report on Wednesday, June 26th. Finally, Bank of America upgraded shares of National Vision from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of National Vision in the second quarter valued at about $46,000. Aperio Group LLC purchased a new stake in shares of National Vision in the second quarter valued at about $59,000. Tower Research Capital LLC TRC purchased a new stake in shares of National Vision in the second quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of National Vision by 32.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock valued at $116,000 after purchasing an additional 1,184 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of National Vision in the second quarter valued at about $201,000.

NASDAQ:EYE traded up $0.16 during trading hours on Monday, reaching $23.79. 594,500 shares of the company were exchanged, compared to its average volume of 845,960. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average is $25.31 and its 200-day moving average is $28.21. The firm has a market cap of $1.83 billion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.44. National Vision has a twelve month low of $22.02 and a twelve month high of $45.88.

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

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.

Further Reading: What moving averages are used to define a golden cross?

Analyst Recommendations for National Vision (NASDAQ:EYE)

Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.