National Vision (NASDAQ:EYE) Price Target Raised to $19.00 at BMO Capital Markets

National Vision (NASDAQ:EYE) had its price target lifted by investment analysts at BMO Capital Markets from $13.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 0.89% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their target price on shares of National Vision from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Morgan Stanley decreased their target price on shares of National Vision from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Bank of America upgraded shares of National Vision from an “underperform” rating to a “buy” rating in a research report on Wednesday, May 7th. Citigroup upgraded shares of National Vision from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $21.00 in a report on Friday, May 9th. Finally, Barclays boosted their price target on shares of National Vision from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.75.

National Vision Trading Down 0.3%

NASDAQ:EYE traded down $0.05 on Monday, reaching $19.17. The company’s stock had a trading volume of 132,854 shares, compared to its average volume of 1,783,752. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -95.95, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02. National Vision has a 12-month low of $9.56 and a 12-month high of $19.41. The stock has a 50 day moving average price of $13.11 and a 200 day moving average price of $12.04.

National Vision (NASDAQ:EYE) last announced its earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The business had revenue of $510.32 million for the quarter, compared to analyst estimates of $510.30 million. During the same period last year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that National Vision will post 0.31 EPS for the current fiscal year.

Insider Activity at National Vision

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.75, for a total transaction of $225,000.00. Following the completion of the sale, the senior vice president now directly owns 11,700 shares in the company, valued at approximately $219,375. This trade represents a 50.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Vision

A number of hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its stake in National Vision by 4.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,676 shares of the company’s stock valued at $298,000 after buying an additional 1,100 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of National Vision during the fourth quarter valued at approximately $207,000. Linden Thomas Advisory Services LLC raised its stake in shares of National Vision by 15.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,478 shares of the company’s stock valued at $286,000 after acquiring an additional 3,705 shares during the last quarter. Stoneridge Investment Partners LLC increased its stake in shares of National Vision by 16.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 17,511 shares of the company’s stock valued at $182,000 after buying an additional 2,475 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in National Vision by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 382,016 shares of the company’s stock valued at $3,981,000 after acquiring an additional 11,281 shares in the last quarter.

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.