National Vision (NASDAQ:EYE) Stock Price Down 4.9% – Here’s What Happened

National Vision Holdings, Inc. (NASDAQ:EYE) dropped 4.9% during mid-day trading on Tuesday. The company traded as low as $16.85 and last traded at $16.9210. 767,389 shares traded hands during trading, a decline of 59% from the average session volume of 1,849,821 shares. The stock had previously closed at $17.80.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EYE shares. UBS Group dropped their price target on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Roth Capital reaffirmed a “buy” rating and issued a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Guggenheim set a $27.00 target price on shares of National Vision in a research note on Friday, September 11th. Weiss Ratings lowered shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley dropped their price target on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.82.

National Vision Stock Performance

The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. 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 firm has a fifty day simple moving average of $17.24 and a 200 day simple moving average of $21.61.

National Vision (NASDAQ:EYE) 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 firm had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. National Vision’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, analysts anticipate that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Investing LLC grew its holdings in National Vision by 415.7% in the 3rd quarter. Inspire Investing LLC now owns 186,510 shares of the company’s stock valued at $3,055,000 after buying an additional 150,341 shares during the period. Skylands Capital LLC acquired a new position in National Vision during the 3rd quarter worth $681,000. GAMMA Investing LLC raised its holdings in National Vision by 32.9% during the third quarter. GAMMA Investing LLC now owns 7,813 shares of the company’s stock worth $128,000 after purchasing an additional 1,935 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in National Vision by 147.6% during the third quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock worth $30,000 after buying an additional 1,097 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of National Vision by 131.5% in the second quarter. WINTON GROUP Ltd now owns 108,753 shares of the company’s stock worth $2,067,000 after acquiring an additional 61,770 shares in the last quarter.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides prescription eyewear, contact lenses, eye examinations and related vision-care services. The company operates primarily in the United States through a network of retail optical locations and digital channels.

Its principal brands include America’s Best Contacts & Eyeglasses, which offers eye exams, prescription glasses and contact lenses at value-oriented prices, and Eyeglass World, which provides similar products and services.