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

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.7273.

A number of research firms have weighed in on EYE. The Goldman Sachs Group lifted their price target on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Barclays decreased their price target on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company set a $27.00 price target on shares of National Vision and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. UBS Group restated a “buy” rating and issued a $30.00 target price on shares of National Vision in a research note on Tuesday, July 8th. Finally, Roth Capital started coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 target price on the stock.

National Vision Stock Down 0.5%

EYE opened at $25.47 on Friday. National Vision has a fifty-two week low of $9.75 and a fifty-two week high of $29.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The firm’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $21.84. The company has a market capitalization of $2.02 billion, a P/E ratio of -141.50, a P/E/G ratio of 2.84 and a beta of 1.30.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The firm had revenue of $486.42 million for the quarter, compared to the consensus estimate of $469.21 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that National Vision will post 0.31 EPS for the current year.

Insider Activity at National Vision

In other news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the sale, the chairman owned 544,795 shares in the company, valued at approximately $13,254,862.35. The trade was a 20.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On National Vision

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of National Vision in the 3rd quarter valued at $29,000. Elevation Point Wealth Partners LLC acquired a new position in National Vision during the 2nd quarter worth about $35,000. Meeder Asset Management Inc. acquired a new position in National Vision during the 1st quarter worth about $35,000. Smartleaf Asset Management LLC lifted its position in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after buying an additional 1,230 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in National Vision during the 2nd quarter worth about $83,000.

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.