National Vision (NASDAQ:EYE) Stock Price Up 7% – Time to Buy?

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) traded up 7% during trading on Monday . The company traded as high as $25.67 and last traded at $25.3560. 552,170 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 2,057,973 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

A number of analysts have recently issued reports on EYE shares. Wells Fargo & Company set a $27.00 price objective on National Vision and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Wall Street Zen cut shares of National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Roth Capital started coverage on shares of National Vision in a report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price objective for the company. Finally, Citigroup upped their target price on shares of National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, National Vision presently has a consensus rating of “Hold” and a consensus target price of $27.00.

National Vision Stock Down 1.1%

The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -828.26, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The firm has a 50 day simple moving average of $26.03 and a 200-day simple moving average of $23.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $487.33 million for the quarter, compared to analyst estimates of $472.98 million. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. On average, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the completion of the sale, the chairman owned 544,795 shares of the company’s stock, valued at approximately $13,254,862.35. This trade represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On National Vision

A number of large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new stake in National Vision during the 3rd quarter valued at $29,000. Elevation Point Wealth Partners LLC acquired a new position in National Vision in the second quarter worth $35,000. Quarry LP grew its holdings in shares of National Vision by 317.4% during the third quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the first quarter valued at $35,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of National Vision by 69.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after buying an additional 1,230 shares in the last quarter.

About National Vision

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.