National Vision (NASDAQ:EYE) Sets New 52-Week Low at $18.32

National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $18.32 and last traded at $18.59, with a volume of 240148 shares trading hands. The stock had previously closed at $19.35.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EYE. UBS Group dropped their price objective on National Vision from $50.00 to $31.00 in a research note on Thursday, March 2nd. Citigroup decreased their target price on National Vision from $48.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, March 3rd. Barclays decreased their target price on National Vision from $43.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. Morgan Stanley decreased their target price on National Vision from $43.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, March 2nd. Finally, Wells Fargo & Company decreased their target price on National Vision from $44.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

National Vision Trading Down 1.4 %

The firm has a 50 day simple moving average of $35.64 and a 200 day simple moving average of $36.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market cap of $1.46 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.10 and a beta of 1.50.

Insider Activity

In other news, SVP Ravi Acharya sold 1,394 shares of National Vision stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $40.00, for a total transaction of $55,760.00. Following the completion of the sale, the senior vice president now owns 832 shares in the company, valued at approximately $33,280. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of National Vision

A number of hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in National Vision in the 3rd quarter worth approximately $74,000. Quadrant Capital Group LLC increased its stake in National Vision by 420.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,563 shares of the company’s stock worth $84,000 after purchasing an additional 2,071 shares during the period. State of Wyoming purchased a new position in National Vision in the 4th quarter worth approximately $99,000. Fred Alger Management LLC purchased a new position in National Vision in the 3rd quarter worth approximately $93,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of National Vision by 12.1% during the third quarter. Public Employees Retirement System of Ohio now owns 2,853 shares of the company’s stock valued at $93,000 after buying an additional 309 shares during the period.

About National Vision

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National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment offers America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.