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National Vision (NASDAQ:EYE) Sets New 12-Month High - Should You Buy?

National Vision logo with Consumer Staples background

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.73 and last traded at $21.32, with a volume of 2504182 shares changing hands. The stock had previously closed at $21.19.

Analysts Set New Price Targets

EYE has been the subject of several recent research reports. UBS Group boosted their price target on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays boosted their price target on shares of National Vision from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Loop Capital boosted their price target on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on shares of National Vision from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.75.

Check Out Our Latest Stock Analysis on EYE

National Vision Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57. The stock has a market cap of $1.66 billion, a PE ratio of -105.14, a PEG ratio of 3.27 and a beta of 1.24. The stock's 50-day moving average is $15.25 and its two-hundred day moving average is $12.90.

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

Insiders Place Their Bets

In related news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were 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 approximately $219,375. The trade was a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

Institutional Trading of National Vision

Hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC increased its position in National Vision by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock worth $245,000 after purchasing an additional 7,221 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in National Vision during the fourth quarter worth approximately $860,000. Vanguard Group Inc. increased its position in National Vision by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock worth $108,491,000 after purchasing an additional 167,735 shares during the last quarter. Victory Capital Management Inc. increased its position in National Vision by 13.1% during the fourth quarter. Victory Capital Management Inc. now owns 78,244 shares of the company's stock worth $815,000 after purchasing an additional 9,038 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in National Vision by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 382,016 shares of the company's stock worth $3,981,000 after purchasing an additional 11,281 shares during the last quarter.

About National Vision

(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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