National Vision (NASDAQ:EYE) Trading Up 6.3% - What's Next?

Key Points

• National Vision shares rose 6.3% to approximately $16.85 in Wednesday trading, though volume was about 47% below the average session level.
• Analysts maintain a generally positive outlook, with seven Buy ratings and four Hold ratings producing a “Moderate Buy” consensus and an average price target of $29.82.
• The company exceeded quarterly earnings expectations, reporting $0.25 EPS versus the $0.18 consensus estimate and $498.81 million in revenue, up 2.6% year over year.

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) traded up 6.3% on Wednesday . The company traded as high as $16.80 and last traded at $16.8460. Approximately 969,650 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 1,846,354 shares. The stock had previously closed at $15.85.

Wall Street Analyst Weigh In

A number of analysts recently commented on EYE shares. Guggenheim set a $27.00 price target on National Vision in a research report on Friday, September 11th. UBS Group decreased their target price on National Vision from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Citigroup decreased their price objective on shares of National Vision from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Roth Capital reaffirmed a "buy" rating and issued a $27.00 price objective on shares of National Vision in a research report on Thursday, August 13th. Finally, Weiss Ratings cut shares of National Vision from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, National Vision has an average rating of "Moderate Buy" and a consensus price target of $29.82.

National Vision Stock Performance

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 50 day simple moving average of $19.41 and a 200-day simple moving average of $21.10. The stock has a market capitalization of $1.34 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98.

National Vision (NASDAQ:EYE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. The company 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 last year, the business posted $0.18 EPS. On average, equities analysts forecast that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd lifted its stake in National Vision by 131.5% in the 2nd quarter. WINTON GROUP Ltd now owns 108,753 shares of the company's stock worth $2,067,000 after purchasing an additional 61,770 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of National Vision by 224.9% during the 2nd quarter. Engineers Gate Manager LP now owns 74,232 shares of the company's stock valued at $1,411,000 after purchasing an additional 51,382 shares in the last quarter. Maven Securities LTD raised its position in shares of National Vision by 236.5% in the second quarter. Maven Securities LTD now owns 101,348 shares of the company's stock worth $1,927,000 after buying an additional 71,233 shares in the last quarter. HighTower Advisors LLC raised its position in shares of National Vision by 3.8% in the second quarter. HighTower Advisors LLC now owns 81,748 shares of the company's stock worth $1,554,000 after buying an additional 3,001 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in National Vision during the second quarter valued at $2,780,000.

About National Vision

National Vision Holdings, Inc NASDAQ: EYE is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America's Best Contacts & Eyeglasses and Eyeglass World brands. America's Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.

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