William Blair restated their buy rating on shares of National Vision (NASDAQ:EYE) in a research note published on Thursday morning, Stock Target Advisor reports.
Other equities analysts have also issued reports about the company. ValuEngine lowered National Vision from a buy rating to a hold rating in a research note on Monday, December 16th. Guggenheim reaffirmed a buy rating on shares of National Vision in a research note on Thursday. Wells Fargo & Co reaffirmed a buy rating and set a $42.00 price target (up from $37.00) on shares of National Vision in a research note on Wednesday. Loop Capital reaffirmed a buy rating and set a $41.00 price target on shares of National Vision in a research note on Thursday. Finally, Barclays started coverage on National Vision in a research note on Tuesday, November 12th. They set an overweight rating and a $34.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $37.00.
EYE stock traded up $1.19 on Thursday, reaching $36.76. The company’s stock had a trading volume of 819,968 shares, compared to its average volume of 653,086. National Vision has a 52 week low of $22.02 and a 52 week high of $38.51. The company has a market capitalization of $2.77 billion, a P/E ratio of 334.58 and a beta of 1.59. The firm has a fifty day moving average of $32.45 and a two-hundred day moving average of $28.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.92 and a quick ratio of 0.55.
National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. The firm had revenue of $431.90 million during the quarter, compared to analyst estimates of $427.83 million. National Vision had a return on equity of 6.01% and a net margin of 0.62%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. As a group, equities analysts expect that National Vision will post 0.54 EPS for the current fiscal year.
In other National Vision news, Director Thomas V. Taylor bought 3,610 shares of National Vision stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $27.59 per share, for a total transaction of $99,599.90. Also, CFO Patrick R. Moore sold 69,977 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $32.00, for a total value of $2,239,264.00. Following the completion of the sale, the chief financial officer now owns 4,523 shares of the company’s stock, valued at approximately $144,736. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of National Vision in the second quarter valued at $75,000. Strs Ohio acquired a new position in shares of National Vision in the fourth quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Vision by 32.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock worth $116,000 after acquiring an additional 1,184 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of National Vision in the fourth quarter worth $216,000. Finally, Diversified Trust Co acquired a new position in shares of National Vision in the fourth quarter worth $241,000.
About National Vision
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.
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