National Vision (NASDAQ:EYE) Shares Up 7% – Time to Buy?

National Vision Holdings, Inc. (NASDAQ:EYE) shares rose 7% during trading on Monday . The stock traded as high as $25.67 and last traded at $25.3560. Approximately 552,170 shares changed hands during trading, a decline of 73% from the average daily volume of 2,057,973 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

A number of brokerages have issued reports on EYE. Roth Capital assumed coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their target price on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. UBS Group lifted their price target on shares of National Vision from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.91.

National Vision Stock Up 5.3%

The stock has a 50-day moving average of $25.96 and a 200 day moving average of $23.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32. The company has a market cap of $1.98 billion, a P/E ratio of -834.22, a PEG ratio of 2.51 and a beta of 1.33.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $487.33 million for the quarter, compared to analyst estimates of $472.98 million. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. Research analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the sale, the chairman directly owned 544,795 shares of the company’s stock, valued at $13,254,862.35. The trade was a 20.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Trading of National Vision

A number of hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in shares of National Vision during the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. purchased a new position in shares of National Vision during the first quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC bought a new position in shares of National Vision during the second quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its holdings in shares of National Vision by 69.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after buying an additional 1,230 shares during the period. Finally, IFP Advisors Inc bought a new stake in shares of National Vision during the 2nd quarter worth approximately $83,000.

About National Vision

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.