National Vision Holdings, Inc. (NASDAQ:EYE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• National Vision Holdings, Inc. has received an average recommendation of "Moderate Buy" from analysts, with a target price averaging around $24.73.
• The company reported a quarterly earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.12, and achieved a revenue of $486.42 million, exceeding analyst expectations.
• Insider trading activity has been noted, with Chairman L. Reade Fahs selling 137,400 shares, representing a 20.14% decrease in their ownership stake in the company.

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $24.7273.

EYE has been the topic of several research reports. UBS Group reissued a "buy" rating and set a $30.00 price target on shares of National Vision in a research report on Tuesday, July 8th. Wall Street Zen raised National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Roth Capital initiated coverage on National Vision in a research report on Wednesday, July 30th. They set a "buy" rating and a $36.00 price target on the stock. The Goldman Sachs Group upped their price target on National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, National Bankshares set a $30.00 target price on National Vision in a research note on Tuesday, July 8th.

National Vision Stock Performance

National Vision stock opened at $26.60 on Tuesday. The stock has a market cap of $2.11 billion, a P/E ratio of -147.78, a price-to-earnings-growth ratio of 3.18 and a beta of 1.23. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $24.11 and a 200-day moving average of $19.46. National Vision has a 52 week low of $9.56 and a 52 week high of $27.05.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The business had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The business's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. On average, analysts expect that National Vision will post 0.31 EPS for the current fiscal year.

Insider Transactions at National Vision

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm's stock in a transaction on 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 sale, the chairman directly owned 544,795 shares in the company, valued at approximately $13,254,862.35. This trade represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On National Vision

Hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC bought a new stake in National Vision in the second quarter valued at $35,000. Meeder Asset Management Inc. bought a new stake in National Vision in the first quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in National Vision by 69.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock valued at $39,000 after buying an additional 1,230 shares during the last quarter. IFP Advisors Inc bought a new stake in National Vision in the second quarter valued at $83,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of National Vision by 333.3% during the second quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company's stock valued at $90,000 after purchasing an additional 3,000 shares during the period.

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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