National Vision Holdings, Inc. (NASDAQ:EYE) Stock Has Consensus Price Target of $29.82 According to Brokerages

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $29.82.

A number of brokerages recently weighed in on EYE. Citigroup lowered their price objective on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Roth Capital reissued a “buy” rating and issued a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Morgan Stanley lowered their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, August 13th. Finally, Guggenheim set a $27.00 price target on National Vision in a research report on Friday, September 11th.

National Vision Stock Performance

National Vision stock opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. National Vision has a 12 month low of $14.75 and a 12 month high of $30.02. The company has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $20.03. The company has a market cap of $1.31 billion, a PE ratio of 27.08, a P/E/G ratio of 1.30 and a beta of 0.98.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share 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 company had revenue of $498.81 million for the quarter. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts expect that National Vision will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On National Vision

Several large investors have recently added to or reduced their stakes in EYE. WINTON GROUP Ltd lifted its position in National Vision by 131.5% in the 2nd quarter. WINTON GROUP Ltd now owns 108,753 shares of the company’s stock valued at $2,067,000 after purchasing an additional 61,770 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of National Vision by 224.9% during the second quarter. Engineers Gate Manager LP now owns 74,232 shares of the company’s stock valued at $1,411,000 after purchasing an additional 51,382 shares during the period. Maven Securities LTD increased its holdings in shares of National Vision by 236.5% during the second quarter. Maven Securities LTD now owns 101,348 shares of the company’s stock valued at $1,927,000 after purchasing an additional 71,233 shares during the period. HighTower Advisors LLC raised its stake in shares of National Vision by 3.8% during the second quarter. HighTower Advisors LLC now owns 81,748 shares of the company’s stock valued at $1,554,000 after purchasing an additional 3,001 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in shares of National Vision during the second quarter valued at about $2,780,000.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides eye examinations, prescription eyewear and contact lenses through a network of stores and online channels. The company serves value-oriented consumers with products and services that include comprehensive eye care, eyeglasses, sunglasses, contact lenses and related optical accessories.

National Vision operates primarily through the America’s Best Contacts & Eyeglasses and Eyeglass World brands, as well as optical centers located within select retail locations under the Vista Optical name.