National Vision (NASDAQ:EYE) Given New $27.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised its price target for National Vision (NASDAQ:EYE) from $24.00 to $27.00, suggesting an upside potential of 11.61% from the current stock price.
• Other analysts have a consensus rating of "Moderate Buy" for National Vision, with the average price target set at $24.27, indicating a generally positive outlook among investors.
• National Vision's recent quarterly earnings report revealed a 5.7% year-over-year revenue growth and an earnings per share (EPS) of $0.34, exceeding analyst expectations.

National Vision (NASDAQ:EYE - Get Free Report) had its price target lifted by investment analysts at Wells Fargo & Company from $24.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 11.61% from the stock's current price.

Other research analysts have also recently issued reports about the stock. 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. Citigroup upgraded shares of National Vision from a "neutral" rating to a "buy" rating and increased their price target for the company from $13.00 to $21.00 in a report on Friday, May 9th. Bank of America upped their price objective on National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. 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, Roth Capital initiated coverage on shares of National Vision in a research report on Wednesday, July 30th. They set a "buy" rating and a $36.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, National Vision has a consensus rating of "Moderate Buy" and an average target price of $24.27.

National Vision Stock Performance

Shares of National Vision stock traded up $0.31 during trading hours on Thursday, reaching $24.19. The company had a trading volume of 286,910 shares, compared to its average volume of 2,085,251. The business has a fifty day simple moving average of $23.38 and a 200 day simple moving average of $16.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.54 and a quick ratio of 0.35. The firm has a market cap of $1.91 billion, a PE ratio of -73.31, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27. National Vision has a one year low of $9.56 and a one year high of $25.67.

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

Insider Buying and Selling

In other news, SVP Ravi Acharya sold 12,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the transaction, the senior vice president owned 11,700 shares of the company's stock, valued at $219,375. This represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On National Vision

Hedge funds and other institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new position in shares of National Vision in the 2nd quarter valued at approximately $81,908,000. Burgundy Asset Management Ltd. boosted its stake in shares of National Vision by 138.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock valued at $48,719,000 after acquiring an additional 2,715,582 shares during the last quarter. Engine Capital Management LP increased its stake in shares of National Vision by 127.5% during the 4th quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock valued at $26,342,000 after acquiring an additional 1,417,002 shares during the last quarter. SG Capital Management LLC acquired a new stake in shares of National Vision in the fourth quarter worth $11,827,000. Finally, Federated Hermes Inc. boosted its stake in shares of National Vision by 215.0% in the first quarter. Federated Hermes Inc. now owns 861,527 shares of the company's stock valued at $11,010,000 after purchasing an additional 588,022 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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