National Vision (NASDAQ:EYE) Price Target Cut to $24.00 by Analysts at Barclays

National Vision (NASDAQ:EYE – Get Free Report) had its price target lowered by investment analysts at Barclays from $27.00 to $24.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 37.14% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Roth Capital restated a “buy” rating and set a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Guggenheim set a $27.00 price target on shares of National Vision in a research report on Friday, September 11th. UBS Group lowered their price target on shares of National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Morgan Stanley cut their price objective on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings raised shares of National Vision from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.55.

Read Our Latest Analysis on EYE

National Vision Price Performance

Shares of NASDAQ EYE traded down $1.07 during midday trading on Friday, reaching $17.50. The stock had a trading volume of 518,618 shares, compared to its average volume of 1,906,282. National Vision has a 12-month low of $14.75 and a 12-month high of $30.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.59. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The stock has a 50-day moving average of $17.10 and a 200-day moving average of $20.97.

National Vision (NASDAQ:EYE – Get Free Report) last posted its earnings results on Thursday, November 12th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $510.53 million for the quarter, compared to the consensus estimate of $512.53 million. National Vision had a return on equity of 6.78% and a net margin of 2.47%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. National Vision has set its FY 2026 guidance at 0.950-1.030 EPS. As a group, research analysts anticipate that National Vision will post 0.65 EPS for the current fiscal year.

National Vision declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 12th that authorizes the company to repurchase $100 million in shares. This buyback authorization authorizes the company to reacquire up to 7% of its shares through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On National Vision

Several institutional investors and hedge funds have recently added to or reduced their stakes in EYE. Quantinno Capital Management LP increased its stake in National Vision by 2.3% during the 1st quarter. Quantinno Capital Management LP now owns 26,323 shares of the company’s stock worth $682,000 after buying an additional 586 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of National Vision by 96.2% in the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after acquiring an additional 877 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of National Vision by 56.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the company’s stock worth $66,000 after acquiring an additional 917 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of National Vision by 147.6% during the third quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock worth $30,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of National Vision by 2.7% during the third quarter. Illinois Municipal Retirement Fund now owns 41,245 shares of the company’s stock worth $676,000 after purchasing an additional 1,103 shares in the last quarter.

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About National Vision

(Get Free Report)

National Vision Holdings, Inc. is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories. The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations. Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.

Further Reading

Analyst Recommendations for National Vision (NASDAQ:EYE)

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