National Vision (NASDAQ:EYE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $49.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 10.99% from the company’s current price.
According to Zacks, “National Vision Holdings, Inc. is involved in optical retail primarily in the United States. The company offer product and services for eye care needs through retail stores and consumer websites. Its brand portfolio consists of America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Walmart stores and Vista Optical locations inside Fred Meyer stores and on select military bases. National Vision Holdings, Inc. is headquartered in Duluth, Georgia. “
A number of other brokerages have also commented on EYE. Jefferies Financial Group set a $45.00 price objective on shares of National Vision and gave the company a “buy” rating in a research report on Monday, July 30th. Morgan Stanley upped their price objective on shares of National Vision from $42.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Bank of America upped their price objective on shares of National Vision from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, August 15th. Citigroup upped their price objective on shares of National Vision from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, Wells Fargo & Co upped their price objective on shares of National Vision from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. National Vision has an average rating of “Buy” and a consensus target price of $44.00.
Shares of EYE traded up $0.15 during trading hours on Wednesday, reaching $44.15. 313,600 shares of the company traded hands, compared to its average volume of 483,451. The firm has a market capitalization of $3.27 billion and a P/E ratio of 83.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.55 and a current ratio of 1.05. National Vision has a 1-year low of $27.19 and a 1-year high of $46.63.
National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The business had revenue of $385.53 million during the quarter, compared to analyst estimates of $371.40 million. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. equities analysts forecast that National Vision will post 0.62 earnings per share for the current year.
In related news, CEO L Reade Fahs sold 10,000 shares of the stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $38.05, for a total value of $380,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Vaught sold 26,477 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $43.32, for a total transaction of $1,146,983.64. The disclosure for this sale can be found here. In the last three months, insiders purchased 450 shares of company stock valued at $18,146 and sold 16,605,427 shares valued at $635,540,111. Corporate insiders own 2.82% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp raised its position in National Vision by 30.1% in the second quarter. Northern Trust Corp now owns 412,753 shares of the company’s stock worth $15,094,000 after purchasing an additional 95,513 shares in the last quarter. Bank of New York Mellon Corp grew its stake in National Vision by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 322,699 shares of the company’s stock worth $11,801,000 after buying an additional 47,596 shares during the last quarter. Sterling Capital Management LLC grew its stake in National Vision by 39.1% during the second quarter. Sterling Capital Management LLC now owns 67,770 shares of the company’s stock worth $2,478,000 after buying an additional 19,063 shares during the last quarter. Bank of America Corp DE grew its stake in National Vision by 9.1% during the second quarter. Bank of America Corp DE now owns 122,806 shares of the company’s stock worth $4,491,000 after buying an additional 10,232 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in National Vision by 72.0% during the second quarter. Voya Investment Management LLC now owns 841,343 shares of the company’s stock worth $30,768,000 after buying an additional 352,141 shares during the last quarter.
National Vision Company Profile
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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.
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