UBS Group Lowers National Vision (NASDAQ:EYE) Price Target to $39.00

National Vision (NASDAQ:EYE) had its target price lowered by analysts at UBS Group from $41.00 to $39.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 52.40% from the stock’s previous close.

A number of other brokerages also recently weighed in on EYE. Roth Capital assumed coverage on National Vision in a report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target for the company. Citigroup raised their target price on National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of National Vision from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Vision in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $27.00 price objective on shares of National Vision and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, National Vision presently has a consensus rating of “Hold” and a consensus price target of $27.00.

National Vision Trading Up 4.6%

Shares of EYE stock traded up $1.13 during trading hours on Tuesday, hitting $25.59. 1,146,283 shares of the company’s stock traded hands, compared to its average volume of 2,066,541. The company has a quick ratio of 0.32, a current ratio of 0.53 and a debt-to-equity ratio of 0.28. National Vision has a 12 month low of $9.93 and a 12 month high of $29.59. The stock has a market cap of $2.03 billion, a PE ratio of -854.55, a price-to-earnings-growth ratio of 2.51 and a beta of 1.33. The stock’s 50 day simple moving average is $25.99 and its 200 day simple moving average is $23.54.

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

Insiders Place Their Bets

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction 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 sale, the chairman owned 544,795 shares of the company’s stock, valued at $13,254,862.35. The trade was a 20.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of National Vision

A number of hedge funds and other institutional investors have recently made changes to their positions in EYE. Geneos Wealth Management Inc. purchased a new stake in National Vision during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. purchased a new position in National Vision during the 1st quarter valued at about $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of National Vision during the second quarter valued at about $35,000. Smartleaf Asset Management LLC increased its holdings in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after acquiring an additional 1,230 shares during the period. Finally, Quarry LP lifted its stake in National Vision by 317.4% in the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 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.