National Vision Holdings, Inc. (NASDAQ:EYE) Receives Average Recommendation of "Hold" from Analysts

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.7273.

A number of research firms recently issued reports on EYE. Wells Fargo & Company set a $27.00 price objective on National Vision and gave the company an "equal weight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised their target price on National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Roth Capital initiated coverage on National Vision in a research report on Wednesday, July 30th. They issued a "buy" rating and a $36.00 price target for the company. UBS Group reaffirmed a "buy" rating and issued a $30.00 price target on shares of National Vision in a research report on Tuesday, July 8th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of National Vision in a research report on Wednesday, October 8th.

Insider Activity at National Vision

In other news, Chairman L Reade Fahs sold 137,400 shares of National Vision stock in a transaction dated 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 transaction, the chairman directly owned 544,795 shares in the company, valued at approximately $13,254,862.35. The trade was a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On National Vision

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

National Vision Stock Down 4.6%

Shares of EYE stock opened at $25.81 on Friday. National Vision has a 1 year low of $9.56 and a 1 year high of $29.59. The stock has a market cap of $2.04 billion, a PE ratio of -143.39, a price-to-earnings-growth ratio of 3.00 and a beta of 1.30. The business's fifty day moving average is $25.26 and its 200-day moving average is $21.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $486.42 million during 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 company's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Equities analysts expect that National Vision will post 0.31 earnings per share for the current fiscal year.

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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