The Goldman Sachs Group Increases National Vision (NASDAQ:EYE) Price Target to $22.00

Key Points

• The Goldman Sachs Group has increased its price target for National Vision (NASDAQ:EYE) from $17.00 to $22.00, maintaining a "neutral" rating amidst a potential downside from the current price.
• Analysts show a mixed sentiment with Barclays downgrading its target to $28.00 and UBS maintaining a buy rating at $30.00, while National Vision has an average price target of $24.73.
• National Vision reported earnings of $0.34 per share, exceeding expectations, with a revenue increase of 5.7% year-over-year, marking a positive financial performance.

National Vision (NASDAQ:EYE - Get Free Report) had its price target raised by equities researchers at The Goldman Sachs Group from $17.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 3.40% from the company's previous close.

Other research analysts have also recently issued reports about the company. Barclays lowered their target price on National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday. Bank of America boosted their target price on National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Roth Capital started coverage on National Vision in a research report on Wednesday, July 30th. They set a "buy" rating and a $36.00 price objective for the company. UBS Group reaffirmed a "buy" rating and set a $30.00 price objective on shares of National Vision in a research report on Tuesday, July 8th. Finally, Citigroup raised National Vision from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $13.00 to $21.00 in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.73.

National Vision Stock Up 0.6%

EYE traded up $0.13 on Thursday, hitting $22.77. 2,125,288 shares of the company were exchanged, compared to its average volume of 2,202,414. National Vision has a twelve month low of $9.56 and a twelve month high of $25.67. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -126.52, a price-to-earnings-growth ratio of 2.73 and a beta of 1.27. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $23.56 and a two-hundred day moving average price of $16.97.

National Vision (NASDAQ:EYE - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%. The firm had revenue of $486.42 million during the quarter, compared to analysts' expectations of $469.21 million. During the same period in the previous year, the firm posted $0.15 EPS. National Vision's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts predict that National Vision will post 0.31 earnings per share for the current year.

Insider Buying and Selling at National Vision

In other news, SVP Ravi Acharya sold 12,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the sale, the senior vice president directly owned 11,700 shares of the company's stock, valued at approximately $219,375. The trade was 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. 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. CWM LLC lifted its holdings in shares of National Vision by 7.4% in the 2nd quarter. CWM LLC now owns 12,350 shares of the company's stock valued at $284,000 after purchasing an additional 856 shares during the last quarter. Ieq Capital LLC raised its stake in National Vision by 4.9% during the 1st quarter. Ieq Capital LLC now owns 24,816 shares of the company's stock valued at $317,000 after acquiring an additional 1,159 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock valued at $39,000 after acquiring an additional 1,230 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in National Vision by 6.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,470 shares of the company's stock valued at $234,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in National Vision by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,211 shares of the company's stock valued at $471,000 after acquiring an additional 1,394 shares during the last quarter.

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.