Brokerages Set National Vision Holdings, Inc. (NASDAQ:EYE) Target Price at $30.36

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.8182.

Several equities analysts have recently weighed in on EYE shares. Citigroup decreased their target price on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Guggenheim set a $27.00 price target on National Vision in a research report on Friday. Morgan Stanley reduced their price objective on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, UBS Group lowered their target price 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.

Institutional Trading of National Vision

A number of hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in National Vision by 96.2% during the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after buying an additional 877 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in National Vision in the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC grew its holdings in National Vision by 176.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock valued at $42,000 after buying an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of National Vision by 416.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,047 shares of the company’s stock worth $53,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the 2nd quarter worth $101,000.

National Vision Price Performance

Shares of NASDAQ EYE opened at $17.51 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.59. The firm has a fifty day moving average of $19.49 and a 200 day moving average of $21.17. The firm has a market cap of $1.38 billion, a PE ratio of 28.70, a PEG ratio of 1.37 and a beta of 0.98. National Vision has a one year low of $14.75 and a one year high of $30.02.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business had revenue of $498.81 million during the quarter. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that National Vision will post 0.65 EPS for the current fiscal year.

About National Vision

National Vision Holdings, Inc (NASDAQ:EYE) is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America’s Best Contacts & Eyeglasses and Eyeglass World brands. America’s Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.