National Vision (NASDAQ:EYE) Stock Price Down 5% – Time to Sell?

National Vision Holdings, Inc. (NASDAQ:EYE) fell 5% during mid-day trading on Thursday . The stock traded as low as $17.84 and last traded at $17.74. 441,455 shares traded hands during trading, a decline of 76% from the average daily volume of 1,823,834 shares. The stock had previously closed at $18.67.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Bank of America decreased their price target on National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Wells Fargo & Company dropped their price objective on National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Morgan Stanley cut their price objective on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, August 13th. Finally, Barclays reduced their target price on National Vision from $38.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, National Vision presently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

National Vision Stock Performance

The stock has a 50-day simple moving average of $19.81 and a 200-day simple moving average of $22.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. The stock has a market cap of $1.41 billion, a PE ratio of 29.16, a P/E/G ratio of 1.48 and a beta of 1.02.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $498.81 million during the quarter. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Vision

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in National Vision in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in shares of National Vision by 96.2% in the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock valued at $34,000 after purchasing an additional 877 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of National Vision in the second quarter valued at $38,000. EverSource Wealth Advisors LLC grew its holdings in National Vision by 176.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock valued at $42,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in National Vision during the 4th quarter valued at $47,000.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.