National Vision (NASDAQ:EYE) Reaches New 12-Month High - Here's Why

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $22.46 and last traded at $22.35, with a volume of 2602840 shares traded. The stock had previously closed at $21.51.

Analysts Set New Price Targets

EYE has been the subject of a number of recent research reports. Loop Capital increased their target price on National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company increased 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 report on Thursday, May 8th. The Goldman Sachs Group boosted their target price on shares of National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. BMO Capital Markets set a $19.00 price target on shares of National Vision and gave the company a "market perform" rating in a report on Monday, May 19th. Finally, UBS Group lifted their price target on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.75.

National Vision Stock Up 3.9%

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -111.74, a PEG ratio of 3.27 and a beta of 1.24. The firm's fifty day moving average is $16.45 and its 200-day moving average is $13.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $510.32 million during the quarter, compared to analyst estimates of $510.30 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total transaction of $225,000.00. Following the sale, the senior vice president now owns 11,700 shares of the company's stock, valued at $219,375. The trade was a 50.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On National Vision

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