Wells Fargo & Company Cuts National Vision (NASDAQ:EYE) Price Target to $12.00

National Vision (NASDAQ:EYE) had its price objective reduced by Wells Fargo & Company from $13.00 to $12.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

National Vision Stock Performance

Shares of National Vision stock opened at $10.54 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $11.32 and its 200-day moving average price is $11.35. The firm has a market cap of $830.03 million, a P/E ratio of -52.70, a P/E/G ratio of 2.98 and a beta of 1.42. National Vision has a 12 month low of $9.56 and a 12 month high of $24.11.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $451.13 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The company’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. On average, equities research analysts expect that National Vision will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Vision

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its holdings in National Vision by 153.4% in the second quarter. Hsbc Holdings PLC now owns 127,350 shares of the company’s stock worth $1,625,000 after purchasing an additional 77,096 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of National Vision by 115.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock worth $32,453,000 after acquiring an additional 1,330,023 shares in the last quarter. Geode Capital Management LLC lifted its position in National Vision by 2.5% during the third quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock valued at $20,737,000 after acquiring an additional 45,754 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in National Vision by 17.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock valued at $15,408,000 after acquiring an additional 208,684 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in National Vision in the third quarter worth $613,000.

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.