National Vision (NASDAQ:EYE) had its target price boosted by analysts at Loop Capital to $30.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s target price points to a potential downside of 4.52% from the stock’s previous close.
A number of other research firms also recently commented on EYE. Goldman Sachs Group raised Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 300 ($3.92) target price on shares of Forterra in a report on Wednesday, May 29th. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $40.00 target price on shares of National Vision in a report on Thursday, May 9th. Finally, TheStreet raised Stitch Fix from a “d” rating to a “c-” rating in a report on Wednesday, June 26th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. National Vision currently has an average rating of “Buy” and a consensus target price of $42.00.
National Vision stock opened at $31.42 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.91 and a quick ratio of 0.53. National Vision has a 52 week low of $25.60 and a 52 week high of $46.63. The firm has a market capitalization of $2.46 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 3.24 and a beta of 1.43. The business’s 50-day moving average price is $29.38.
National Vision (NASDAQ:EYE) last released its earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. National Vision had a return on equity of 6.29% and a net margin of 1.12%. The firm had revenue of $461.22 million during the quarter, compared to the consensus estimate of $455.42 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. On average, analysts expect that National Vision will post 0.52 EPS for the current fiscal year.
In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.60, for a total value of $266,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeff Busbee sold 32,913 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $27.56, for a total value of $907,082.28. The disclosure for this sale can be found here. Insiders sold 128,657 shares of company stock valued at $3,572,511 over the last three months. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in EYE. State Board of Administration of Florida Retirement System increased its position in shares of National Vision by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,019 shares of the company’s stock valued at $441,000 after buying an additional 1,320 shares in the last quarter. AMI Asset Management Corp increased its position in shares of National Vision by 0.7% in the first quarter. AMI Asset Management Corp now owns 305,775 shares of the company’s stock valued at $9,611,000 after buying an additional 1,985 shares in the last quarter. Pearl River Capital LLC increased its position in shares of National Vision by 93.6% in the first quarter. Pearl River Capital LLC now owns 4,600 shares of the company’s stock valued at $144,000 after buying an additional 2,224 shares in the last quarter. United Services Automobile Association increased its position in shares of National Vision by 36.1% in the fourth quarter. United Services Automobile Association now owns 10,093 shares of the company’s stock valued at $284,000 after buying an additional 2,676 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of National Vision in the first quarter valued at approximately $93,000.
About National Vision
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, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.
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