National Vision Holdings, Inc. (NASDAQ:EYE) Receives Average Recommendation of “Hold” from Brokerages

National Vision Holdings, Inc. (NASDAQ:EYE) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $23.86.

Separately, The Goldman Sachs Group lifted their price objective on National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th.

National Vision Trading Up 1.6 %

National Vision stock opened at $17.70 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.00. The business’s 50-day simple moving average is $20.98 and its 200-day simple moving average is $19.72. The firm has a market capitalization of $1.39 billion, a PE ratio of -20.82, a PEG ratio of 3.97 and a beta of 1.39. National Vision has a 52 week low of $13.71 and a 52 week high of $27.02.

National Vision (NASDAQ:EYE) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. The business had revenue of $506.40 million for the quarter, compared to analyst estimates of $499.49 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts forecast that National Vision will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EYE. Inspire Investing LLC raised its position in shares of National Vision by 48.3% during the 3rd quarter. Inspire Investing LLC now owns 19,037 shares of the company’s stock valued at $308,000 after acquiring an additional 6,200 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of National Vision by 13.2% during the third quarter. Emerald Advisers LLC now owns 818,204 shares of the company’s stock worth $13,239,000 after purchasing an additional 95,559 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of National Vision by 12.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 669,025 shares of the company’s stock worth $10,825,000 after purchasing an additional 72,352 shares during the period. Windsor Advisory Group LLC bought a new position in shares of National Vision during the third quarter worth approximately $480,000. Finally, M&T Bank Corp boosted its position in shares of National Vision by 4.6% during the 3rd quarter. M&T Bank Corp now owns 26,918 shares of the company’s stock worth $435,000 after acquiring an additional 1,192 shares in 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.