National Vision Holdings, Inc. (NASDAQ:EYE – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $17.03 and traded as high as $17.31. National Vision shares last traded at $17.13, with a volume of 2,128,334 shares.
Analyst Ratings Changes
EYE has been the subject of several recent research reports. Citigroup cut their price target on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. UBS Group lowered their price objective on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Roth Capital restated a “buy” rating and issued a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Guggenheim set a $27.00 price target on National Vision in a report on Friday, September 11th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, National Vision has an average rating of “Moderate Buy” and a consensus price target of $29.82.
Check Out Our Latest Report on National Vision
National Vision Stock Up 3.3%
The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The firm’s fifty day simple moving average is $17.03 and its two-hundred day simple moving average is $21.34.
National Vision (NASDAQ:EYE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. The business had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Sell-side analysts anticipate that National Vision Holdings, Inc. will post 0.65 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. grew its position in National Vision by 423.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,032 shares of the company’s stock worth $33,000 after acquiring an additional 1,644 shares during the period. Inspire Investing LLC increased its stake in National Vision by 415.7% during the third quarter. Inspire Investing LLC now owns 186,510 shares of the company’s stock worth $3,055,000 after acquiring an additional 150,341 shares during the last quarter. Skylands Capital LLC purchased a new stake in National Vision in the third quarter valued at $681,000. GAMMA Investing LLC raised its position in National Vision by 32.9% in the third quarter. GAMMA Investing LLC now owns 7,813 shares of the company’s stock valued at $128,000 after purchasing an additional 1,935 shares during the period. Finally, Farther Finance Advisors LLC raised its position in National Vision by 147.6% in the third quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock valued at $30,000 after purchasing an additional 1,097 shares during the period.
About National Vision
National Vision Holdings, Inc is an optical retail company that provides prescription eyewear, contact lenses, eye examinations and related vision-care services. The company operates primarily in the United States through a network of retail optical locations and digital channels.
Its principal brands include America’s Best Contacts & Eyeglasses, which offers eye exams, prescription glasses and contact lenses at value-oriented prices, and Eyeglass World, which provides similar products and services.
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