National Vision (NASDAQ:EYE) Hits New 52-Week High - What's Next?

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.77 and last traded at $19.74, with a volume of 805877 shares changing hands. The stock had previously closed at $19.24.

Analysts Set New Price Targets

A number of research analysts recently commented on EYE shares. The Goldman Sachs Group boosted their price target on National Vision from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Barclays upped their price target on shares of National Vision from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. 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 raised their target price on National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Bank of America raised National Vision from an "underperform" rating to a "buy" rating in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, National Vision currently has a consensus rating of "Hold" and an average price target of $17.75.

National Vision Stock Up 7.2%

The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -106.16, a P/E/G ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The firm's fifty day moving average price is $14.44 and its 200-day moving average price is $12.58.

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

Insider Activity

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of National Vision stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total transaction of $225,000.00. Following the transaction, the senior vice president now directly owns 11,700 shares of the company's stock, valued at $219,375. The trade was a 50.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Trading of National Vision

Several institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in National Vision in the 1st quarter worth about $35,000. Smartleaf Asset Management LLC boosted its stake in 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 period. Tower Research Capital LLC TRC boosted its stake in 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 period. GAMMA Investing LLC grew its holdings in 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 buying an additional 2,412 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of National Vision during the first quarter valued at about $142,000.

National Vision Company Profile

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.