Bank of America Issues Positive Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE - Get Free Report) had its target price lifted by equities research analysts at Bank of America from $22.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price objective points to a potential upside of 14.11% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $21.00 in a research note on Friday, May 9th. The Goldman Sachs Group lifted their price target on shares of National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Wells Fargo & Company upped their target price on shares of National Vision from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Loop Capital increased their price objective on National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their target price on shares of National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Vision has a consensus rating of "Hold" and a consensus price target of $18.67.

National Vision Trading Up 1.9%

Shares of NASDAQ:EYE traded up $0.43 during trading on Wednesday, reaching $22.79. The stock had a trading volume of 229,638 shares, compared to its average volume of 1,876,318. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.54. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -69.00, a P/E/G ratio of 6.51 and a beta of 1.24. The firm's fifty day moving average is $16.66 and its 200 day moving average is $13.38. National Vision has a 52 week low of $9.56 and a 52 week high of $22.78.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. National Vision had a positive return on equity of 3.44% and a negative net margin of 1.40%. The business had revenue of $510.32 million for the quarter, compared to the consensus estimate of $510.30 million. During the same period in the prior year, the business earned $0.32 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that National Vision will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at National Vision

In related news, SVP Ravi Acharya sold 12,000 shares of National Vision stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the sale, the senior vice president now directly owns 11,700 shares in the company, valued at $219,375. The trade was a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of National Vision

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of National Vision by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 382,016 shares of the company's stock worth $3,981,000 after buying an additional 11,281 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of National Vision in the fourth quarter worth about $247,000. Y Intercept Hong Kong Ltd lifted its stake in National Vision by 34.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 63,264 shares of the company's stock worth $659,000 after purchasing an additional 16,184 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in National Vision by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,591 shares of the company's stock worth $5,456,000 after buying an additional 12,190 shares during the last quarter. Finally, Versor Investments LP boosted its position in shares of National Vision by 24.6% during the 4th quarter. Versor Investments LP now owns 30,934 shares of the company's stock valued at $322,000 after acquiring an additional 6,100 shares during the last quarter.

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.

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