National Vision (NASDAQ:EYE) Hits New 1-Year High - What's Next?

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $25.52 and last traded at $25.25, with a volume of 1799244 shares changing hands. The stock had previously closed at $25.01.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Citigroup upgraded National Vision from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. Barclays upgraded National Vision from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $17.00 to $30.00 in a research report on Tuesday, July 8th. Loop Capital raised their price objective on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.10.

National Vision Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $21.71 and a 200-day moving average price of $15.28. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -77.04, a PEG ratio of 3.72 and a beta of 1.27.

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

Insider Activity at National Vision

In other news, SVP Ravi Acharya sold 12,000 shares of the stock in a transaction 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 owned 11,700 shares in the company, valued at approximately $219,375. This represents 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 accessible through this link. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On National Vision

Several hedge funds and other institutional investors have recently made changes to their positions in EYE. Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the 1st quarter valued at $35,000. Smartleaf Asset Management LLC boosted its position in shares of National Vision by 69.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock worth $39,000 after purchasing an additional 1,230 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of National Vision by 87.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock worth $73,000 after purchasing an additional 3,291 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after purchasing an additional 2,412 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in shares of National Vision in the 1st quarter worth $142,000.

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.