National Vision Holdings, Inc. (NASDAQ:EYE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

National Vision Holdings, Inc. (NASDAQ:EYE) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.82.

Several equities analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Citigroup lowered their target price on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Roth Capital reiterated a “buy” rating and issued a $27.00 price target on shares of National Vision in a report on Thursday, August 13th. Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Guggenheim set a $27.00 price objective on National Vision in a research report on Friday, September 11th.

Institutional Trading of National Vision

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings 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 purchasing an additional 74,607 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of National Vision during the 2nd quarter worth $14,481,000. Wellington Management Group LLP increased its holdings in shares of National Vision by 39.6% during the 2nd quarter. Wellington Management Group LLP now owns 7,669,853 shares of the company’s stock worth $145,804,000 after buying an additional 2,173,887 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of National Vision by 131.5% in the 2nd quarter. WINTON GROUP Ltd now owns 108,753 shares of the company’s stock worth $2,067,000 after buying an additional 61,770 shares during the period. Finally, Maven Securities LTD raised its position in shares of National Vision by 236.5% in the 2nd quarter. Maven Securities LTD now owns 101,348 shares of the company’s stock worth $1,927,000 after buying an additional 71,233 shares during the period.

National Vision Trading Down 0.4%

National Vision stock opened at $16.68 on Friday. The stock has a 50-day moving average price of $18.00 and a 200 day moving average price of $19.78. National Vision has a 52 week low of $14.75 and a 52 week high of $30.02. The stock has a market cap of $1.32 billion, a PE ratio of 27.34, a P/E/G ratio of 1.32 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $498.81 million for 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 last year, the company posted $0.18 earnings per share. Equities research analysts predict that National Vision will post 0.65 earnings per share for the current fiscal year.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides eye examinations, prescription eyewear and contact lenses through a network of stores and online channels. The company serves value-oriented consumers with products and services that include comprehensive eye care, eyeglasses, sunglasses, contact lenses and related optical accessories.

National Vision operates primarily through the America’s Best Contacts & Eyeglasses and Eyeglass World brands, as well as optical centers located within select retail locations under the Vista Optical name.