National Vision (NASDAQ:EYE) Stock Price Target Cut by Barclays

National Vision (NASDAQ:EYE – Get Free Report) had its price target cut by equities researchers at Barclays from $27.00 to $24.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 37.14% from the company’s current price.

A number of other research analysts have also commented on EYE. Guggenheim set a $27.00 price target on shares of National Vision in a research report on Friday, September 11th. Morgan Stanley dropped their price objective on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. Roth Capital restated a “buy” rating and set a $27.00 target price on shares of National Vision in a research report on Thursday, August 13th. Citigroup decreased their target price on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded National Vision from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.55.

Check Out Our Latest Stock Analysis on EYE

National Vision Stock Performance

National Vision stock 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 firm’s 50-day moving average price is $17.10 and its 200 day moving average price is $20.97. The firm has a market capitalization of $1.38 billion, a PE ratio of 28.74, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

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

National Vision announced that its Board of Directors has approved a stock buyback program on Thursday, November 12th that authorizes the company to repurchase $100 million in shares. This repurchase authorization authorizes the company to purchase up to 7% of its shares through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On National Vision

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of National Vision by 147.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock worth $30,000 after buying an additional 1,097 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in National Vision by 423.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,032 shares of the company’s stock valued at $33,000 after buying an additional 1,644 shares during the last quarter. Versant Capital Management Inc boosted its holdings in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in National Vision in the second quarter worth $38,000. Finally, Global Retirement Partners LLC boosted its holdings in National Vision by 16,361.1% in the third quarter. Global Retirement Partners LLC now owns 2,963 shares of the company’s stock worth $49,000 after acquiring an additional 2,945 shares in the last quarter.

Recent National Vision Headlines

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National Vision Company Profile

(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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