National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $24.87 and last traded at $24.27, with a volume of 459162 shares trading hands. The stock had previously closed at $23.33.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of National Vision from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Citigroup upgraded shares of National Vision from a "neutral" rating to a "buy" rating and upped their price objective for the company from $13.00 to $21.00 in a research note on Friday, May 9th. BMO Capital Markets set a $19.00 price objective on shares of National Vision and gave the company a "market perform" rating in a research note on Monday, May 19th. Loop Capital upped their price objective on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays upgraded shares of National Vision from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $17.00 to $30.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.10.
Get Our Latest Stock Analysis on EYE
National Vision Trading Down 0.3%
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 company's 50 day moving average price is $20.87 and its 200 day moving average price is $14.88. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -74.12, a price-to-earnings-growth ratio of 3.60 and a beta of 1.27.
National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $510.32 million during the quarter, compared to the consensus estimate of $510.30 million. National Vision had a negative net margin of 1.40% and a positive return on equity of 3.44%. National Vision's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. Research analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current year.
Insiders Place Their Bets
In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were 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 directly 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 Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.
Institutional Trading of National Vision
A number of hedge funds have recently bought and sold shares of EYE. ProShare Advisors LLC lifted its holdings in shares of National Vision by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock worth $245,000 after acquiring an additional 7,221 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of National Vision during the 1st quarter valued at about $467,000. GAMMA Investing LLC boosted its position in shares of National Vision by 49.2% during the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after acquiring an additional 2,412 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of National Vision by 282.5% during the 1st quarter. SG Americas Securities LLC now owns 75,843 shares of the company's stock valued at $969,000 after acquiring an additional 56,017 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of National Vision during the 4th quarter valued at about $860,000.
National Vision Company Profile
(
Get Free Report)
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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