Analysts Set National Vision Holdings, Inc. (NASDAQ:EYE) Price Target at $19.60

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $19.60.

A number of research firms recently issued reports on EYE. Barclays dropped their price objective on shares of National Vision from $19.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. The Goldman Sachs Group lifted their price target on shares of National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th.

Insider Buying and Selling

In other National Vision news, Director D Randolph Peeler acquired 34,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $14.45 per share, with a total value of $491,300.00. Following the completion of the purchase, the director now directly owns 182,880 shares in the company, valued at $2,642,616. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO L Reade Fahs purchased 20,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $14.96 per share, with a total value of $299,200.00. Following the completion of the transaction, the chief executive officer now owns 633,097 shares in the company, valued at approximately $9,471,131.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director D Randolph Peeler purchased 34,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $14.45 per share, with a total value of $491,300.00. Following the completion of the transaction, the director now owns 182,880 shares of the company’s stock, valued at approximately $2,642,616. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On National Vision

Several hedge funds have recently modified their holdings of EYE. M&T Bank Corp increased its holdings in National Vision by 4.6% in the 3rd quarter. M&T Bank Corp now owns 26,918 shares of the company’s stock worth $435,000 after buying an additional 1,192 shares during the period. Victory Capital Management Inc. increased its holdings in National Vision by 24.2% in the 3rd quarter. Victory Capital Management Inc. now owns 24,961 shares of the company’s stock worth $404,000 after buying an additional 4,866 shares during the period. Versor Investments LP increased its holdings in National Vision by 188.0% in the 3rd quarter. Versor Investments LP now owns 27,574 shares of the company’s stock worth $446,000 after buying an additional 18,000 shares during the period. Illinois Municipal Retirement Fund acquired a new position in National Vision in the 3rd quarter worth approximately $774,000. Finally, Jump Financial LLC acquired a new position in National Vision in the 3rd quarter worth approximately $1,057,000.

National Vision Stock Performance

Shares of EYE stock opened at $14.77 on Wednesday. National Vision has a one year low of $13.71 and a one year high of $27.02. The company’s 50-day moving average is $18.86 and its 200 day moving average is $19.71. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -15.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.01.

National Vision (NASDAQ:EYE) last posted its earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.07. The business had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $499.49 million. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS. Sell-side analysts expect that National Vision will post 0.31 EPS for the current fiscal year.

National Vision Company Profile

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.