National Vision (NASDAQ:EYE) Trading Down 5% - Here's Why

Key Points

• National Vision shares fell about 5% to $17.74, with trading volume roughly 76% below the average session volume.
• Analysts recently lowered price targets, including Wells Fargo’s cut to $20 and Morgan Stanley’s to $21, contributing to pressure on the stock. Despite the reductions, the consensus view remains “Moderate Buy” with a $30.36 target price.
• The company’s latest quarter exceeded expectations, reporting $0.25 in EPS versus the $0.18 consensus estimate, while revenue rose 2.6% year over year to $498.81 million.

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report)'s share price was down 5% during trading on Thursday . The company traded as low as $17.84 and last traded at $17.74. 441,455 shares traded hands during trading, a decline of 76% from the average session volume of 1,823,834 shares. The stock had previously closed at $18.67.

Analyst Ratings Changes

Several research firms have issued reports on EYE. Weiss Ratings cut National Vision from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday. UBS Group lowered their price target on National Vision from $36.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Wells Fargo & Company cut their price objective on National Vision from $30.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, May 14th. Bank of America decreased their target price on shares of National Vision from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Finally, Morgan Stanley dropped their price target on shares of National Vision from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

National Vision Stock Down 4.5%

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. The company has a market cap of $1.41 billion, a PE ratio of 29.16, a P/E/G ratio of 1.48 and a beta of 1.02. The business's 50 day moving average is $19.81 and its 200-day moving average is $22.14.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. The business had revenue of $498.81 million during the quarter. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The company's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. As a group, analysts predict that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

Institutional Trading of National Vision

A number of hedge funds have recently added to or reduced their stakes in EYE. Kestra Advisory Services LLC purchased a new stake in shares of National Vision during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its stake in National Vision by 176.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company's stock valued at $42,000 after buying an additional 1,031 shares during the period. Quarry LP raised its position in National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company's stock worth $48,000 after buying an additional 1,257 shares during the last quarter. Versant Capital Management Inc raised its position in National Vision by 96.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company's stock worth $34,000 after buying an additional 877 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of National Vision in the 4th quarter worth $47,000.

About National Vision

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America's Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source