Shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $48.00.
Several research firms recently weighed in on EYE. The Goldman Sachs Group upgraded National Vision from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $31.00 to $32.00 in a report on Monday, June 27th. Guggenheim lifted their price target on National Vision to $38.00 in a research report on Monday, August 15th. Barclays boosted their price objective on National Vision from $28.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley lowered their price target on National Vision from $65.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, June 16th.
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National Vision Stock Up 1.7 %
EYE opened at $36.81 on Monday. The business has a 50 day moving average price of $32.12 and a 200 day moving average price of $34.15. National Vision has a twelve month low of $22.59 and a twelve month high of $65.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.36. The firm has a market cap of $2.90 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 3.11 and a beta of 1.59.
National Vision (NASDAQ:EYE – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.13. National Vision had a return on equity of 8.34% and a net
margin of 4.28%. The firm had revenue of $509.60 million during the quarter, compared to analyst estimates of $500.67 million. During the same period in the previous year, the company earned $0.42 EPS. The company's revenue for the quarter was down 7.3% on a year-over-year basis. Research analysts forecast that National Vision will post 0.53 EPS for the current year.
Institutional Investors Weigh In On National Vision
Several large investors have recently modified their holdings of the business. William Blair Investment Management LLC increased its holdings in shares of National Vision by 43.1% in the second quarter. William Blair Investment Management LLC now owns 7,764,258 shares of the company's stock worth $213,517,000 after acquiring an additional 2,337,112 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of National Vision by 11.3% during the fourth quarter. Alliancebernstein L.P. now owns 4,848,954 shares of the company's stock worth $232,701,000 after buying an additional 492,772 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of National Vision by 43.2% during the first quarter. Wellington Management Group LLP now owns 3,551,095 shares of the company's stock worth $154,721,000 after buying an additional 1,070,444 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of National Vision by 17.8% during the first quarter. Durable Capital Partners LP now owns 3,411,469 shares of the company's stock worth $148,638,000 after buying an additional 515,072 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of National Vision by 9.5% during the first quarter. Wasatch Advisors Inc. now owns 2,994,355 shares of the company's stock worth $130,464,000 after buying an additional 258,848 shares in the last quarter.
National Vision Company Profile
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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.
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