National Vision Holdings, Inc. (NASDAQ:EYE) Receives $30.36 Average Target Price from Analysts

National Vision Holdings, Inc. (NASDAQ:EYE) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.8182.

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Morgan Stanley lowered 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 report on Thursday, August 13th. Weiss Ratings cut shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Roth Capital restated a “buy” rating and issued a $27.00 price objective on shares of National Vision in a research report on Thursday, August 13th. Finally, Guggenheim set a $27.00 price objective on National Vision in a report on Friday.

National Vision Stock Performance

National Vision stock opened at $17.29 on Tuesday. The stock has a 50-day simple moving average of $19.54 and a 200 day simple moving average of $21.26. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. National Vision has a 12-month low of $14.75 and a 12-month high of $30.02. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 1.37 and a beta of 0.98.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results 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. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business had revenue of $498.81 million for the quarter. During the same quarter last year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, research analysts anticipate that National Vision will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Vision

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of National Vision by 6.8% in the 1st quarter. Bank of America Corp DE now owns 1,175,370 shares of the company’s stock valued at $30,442,000 after acquiring an additional 74,607 shares during the period. Avalon Trust Co bought a new position in National Vision during the 2nd quarter worth approximately $14,481,000. Sei Investments Co. grew its holdings in National Vision by 119.2% during the first quarter. Sei Investments Co. now owns 213,722 shares of the company’s stock valued at $5,535,000 after purchasing an additional 116,233 shares during the period. Intech Investment Management LLC grew its holdings in National Vision by 33.9% during the fourth quarter. Intech Investment Management LLC now owns 152,401 shares of the company’s stock valued at $3,935,000 after purchasing an additional 38,585 shares during the period. Finally, NFJ Investment Group LLC bought a new stake in National Vision in the second quarter valued at approximately $2,069,000.

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.