Morgan Stanley Cuts National Vision (NASDAQ:EYE) Price Target to $13.00

National Vision (NASDAQ:EYE) had its price objective cut by Morgan Stanley from $14.00 to $13.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Wells Fargo & Company reduced their price objective on National Vision from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.40.

National Vision Price Performance

National Vision stock opened at $11.22 on Tuesday. The company has a market cap of $883.58 million, a P/E ratio of -56.10, a price-to-earnings-growth ratio of 3.10 and a beta of 1.42. National Vision has a one year low of $9.56 and a one year high of $24.11. The business has a fifty day moving average of $11.20 and a two-hundred day moving average of $11.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57.

National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business’s revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, analysts predict that National Vision will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Vision

Several large investors have recently modified their holdings of the stock. KBC Group NV boosted its position in shares of National Vision by 64.6% during the 3rd quarter. KBC Group NV now owns 3,291 shares of the company’s stock worth $36,000 after acquiring an additional 1,292 shares in the last quarter. Quarry LP acquired a new stake in shares of National Vision in the 3rd quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of National Vision in the 3rd quarter valued at $45,000. GAMMA Investing LLC raised its holdings in shares of National Vision by 309.2% during the 4th quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock worth $51,000 after buying an additional 3,707 shares in the last quarter. Finally, CWM LLC lifted its position in shares of National Vision by 197.7% during the 3rd quarter. CWM LLC now owns 8,089 shares of the company’s stock worth $88,000 after buying an additional 5,372 shares during the last quarter.

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.