National Vision (NASDAQ:EYE) Sets New 52-Week High - Here's What Happened

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $25.65 and last traded at $25.57, with a volume of 578616 shares trading hands. The stock had previously closed at $25.09.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group upped their price target on National Vision from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Citigroup upgraded National Vision from a "neutral" rating to a "buy" rating and increased their price objective for the company from $13.00 to $21.00 in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on National Vision from $15.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday. Bank of America boosted their price objective on National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, BMO Capital Markets set a $19.00 price objective on National Vision and gave the stock a "market perform" rating in a research report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, National Vision has an average rating of "Moderate Buy" and a consensus price target of $23.00.

National Vision Trading Down 0.1%

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 stock has a market capitalization of $2.01 billion, a PE ratio of -77.12, a price-to-earnings-growth ratio of 3.66 and a beta of 1.27. The business's 50-day moving average is $22.26 and its two-hundred day moving average is $15.69.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share 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 analyst estimates of $510.30 million. National Vision had a positive return on equity of 3.44% and a negative net margin of 1.40%. National Vision's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. As a group, equities research analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the firm'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 directly owned 11,700 shares of the company's stock, valued at $219,375. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of National Vision

Institutional investors have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its stake in National Vision by 138.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock worth $48,719,000 after acquiring an additional 2,715,582 shares during the last quarter. Engine Capital Management LP raised its stake in National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after purchasing an additional 1,417,002 shares during the period. SG Capital Management LLC bought a new stake in National Vision in the 4th quarter valued at about $11,827,000. Arrowstreet Capital Limited Partnership increased its stake in National Vision by 81.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company's stock valued at $24,053,000 after buying an additional 1,036,459 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of National Vision by 215.0% in the 1st quarter. Federated Hermes Inc. now owns 861,527 shares of the company's stock valued at $11,010,000 after buying an additional 588,022 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.