National Vision (NASDAQ:EYE) Stock Price Expected to Rise, Loop Capital Analyst Says

National Vision (NASDAQ:EYE) had its price target increased by research analysts at Loop Capital from $18.00 to $20.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 16.48% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Bank of America raised National Vision from an “underperform” rating to a “buy” rating in a research note on Wednesday. Barclays increased their price target on shares of National Vision from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd. Morgan Stanley reduced their price objective on shares of National Vision from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of National Vision from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Citigroup upped their price target on National Vision from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and four have assigned 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 $17.14.

National Vision Trading Up 2.9 %

Shares of NASDAQ EYE opened at $17.17 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. National Vision has a one year low of $9.56 and a one year high of $17.26. The business has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $11.72. The firm has a market capitalization of $1.36 billion, a PE ratio of -85.85, a PEG ratio of 3.27 and a beta of 1.02.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $510.32 million for the quarter, compared to the consensus estimate of $510.30 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. National Vision’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, analysts predict that National Vision will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Burgundy Asset Management Ltd. raised its stake in National Vision by 138.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company’s stock valued at $48,719,000 after purchasing an additional 2,715,582 shares during the last quarter. Engine Capital Management LP raised its position in shares of National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company’s stock valued at $26,342,000 after buying an additional 1,417,002 shares during the last quarter. Boston Partners bought a new stake in shares of National Vision in the fourth quarter valued at about $12,594,000. SG Capital Management LLC bought a new position in National Vision during the fourth quarter valued at about $11,827,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in National Vision by 81.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company’s stock valued at $24,053,000 after acquiring an additional 1,036,459 shares in 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.