National Vision (NASDAQ:EYE) Stock Price Down 6.5% – What’s Next?

National Vision Holdings, Inc. (NASDAQ:EYE) fell 6.5% during mid-day trading on Tuesday . The stock traded as low as $16.34 and last traded at $16.38. Approximately 525,397 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,840,360 shares. The stock had previously closed at $17.51.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EYE shares. Weiss Ratings lowered shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Morgan Stanley dropped their target price on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. UBS Group decreased their price target on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Guggenheim set a $27.00 target price on National Vision in a research report on Friday, September 11th. Finally, Roth Capital restated a “buy” rating and set a $27.00 price objective on shares of National Vision in a report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.82.

National Vision Price Performance

The business has a fifty day moving average of $19.35 and a 200-day moving average of $21.02. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.30 billion, a PE ratio of 26.97, a PEG ratio of 1.25 and a beta of 0.98.

National Vision (NASDAQ:EYE) last announced its quarterly 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. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm had revenue of $498.81 million for the quarter. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its position in National Vision by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 15,145 shares of the company’s stock valued at $391,000 after acquiring an additional 438 shares during the last quarter. Quantinno Capital Management LP grew its position in National Vision by 2.3% during the first quarter. Quantinno Capital Management LP now owns 26,323 shares of the company’s stock valued at $682,000 after buying an additional 586 shares during the period. HB Wealth Management LLC raised its position in National Vision by 2.4% in the first quarter. HB Wealth Management LLC now owns 33,451 shares of the company’s stock worth $866,000 after acquiring an additional 776 shares during the period. Versant Capital Management Inc increased its stake in shares of National Vision by 96.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after purchasing an additional 877 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in National Vision by 56.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the company’s stock valued at $66,000 after purchasing an additional 917 shares in the last quarter.

National Vision Company Profile

National Vision Holdings, Inc (NASDAQ:EYE) is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America’s Best Contacts & Eyeglasses and Eyeglass World brands. America’s Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.