National Vision (NASDAQ:EYE) Price Target Cut to $12.00 by Analysts at Wells Fargo & Company

National Vision (NASDAQ:EYE) had its price objective reduced by Wells Fargo & Company from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

National Vision Price Performance

Shares of NASDAQ:EYE opened at $11.05 on Monday. National Vision has a one year low of $9.56 and a one year high of $24.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The firm has a market capitalization of $870.19 million, a price-to-earnings ratio of -55.25, a PEG ratio of 3.10 and a beta of 1.42. The company’s fifty day moving average price is $11.30 and its 200-day moving average price is $11.36.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, equities research analysts anticipate that National Vision will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of National Vision by 153.4% during the 2nd quarter. Hsbc Holdings PLC now owns 127,350 shares of the company’s stock valued at $1,625,000 after purchasing an additional 77,096 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in National Vision by 115.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after buying an additional 1,330,023 shares during the period. Geode Capital Management LLC grew its stake in shares of National Vision by 2.5% during the third quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock valued at $20,737,000 after buying an additional 45,754 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of National Vision by 17.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock worth $15,408,000 after buying an additional 208,684 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of National Vision in the 3rd quarter valued at about $613,000.

National Vision Company Profile

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, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.