National Vision Holdings, Inc. (NASDAQ:EYE) Given Average Recommendation of “Hold” by Brokerages

Shares of National Vision Holdings, Inc. (NASDAQ:EYEGet Free Report) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, reports. Five analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $23.86.

Separately, The Goldman Sachs Group boosted their price objective on National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th.

Read Our Latest Research Report on EYE

Hedge Funds Weigh In On National Vision

Several large investors have recently modified their holdings of the business. Hawk Ridge Capital Management LP purchased a new position in shares of National Vision during the fourth quarter worth $69,274,000. ArrowMark Colorado Holdings LLC purchased a new position in National Vision during the 2nd quarter valued at about $53,982,000. Wolf Hill Capital Management LP acquired a new position in National Vision in the 2nd quarter valued at about $50,897,000. William Blair Investment Management LLC increased its stake in National Vision by 13.9% during the third quarter. William Blair Investment Management LLC now owns 10,066,548 shares of the company’s stock worth $162,877,000 after purchasing an additional 1,228,933 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of National Vision by 43.2% during the first quarter. Wellington Management Group LLP now owns 3,551,095 shares of the company’s stock worth $154,721,000 after purchasing an additional 1,070,444 shares in the last quarter.

National Vision Trading Down 2.7 %

National Vision stock opened at $21.57 on Tuesday. National Vision has a 52 week low of $13.71 and a 52 week high of $27.02. The stock has a 50-day moving average price of $21.32 and a 200 day moving average price of $19.20. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -25.38, a price-to-earnings-growth ratio of 4.98 and a beta of 1.39.

National Vision (NASDAQ:EYEGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. The company had revenue of $506.40 million for the quarter, compared to the consensus estimate of $499.49 million. During the same period last year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that National Vision will post 0.31 EPS for the current year.

National Vision Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for National Vision (NASDAQ:EYE)

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