National Vision (NASDAQ:EYE) has been assigned a $34.00 target price by research analysts at Wells Fargo & Company in a report released on Monday, November 20th, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Wells Fargo & Company’s price target points to a potential upside of 3.34% from the stock’s previous close.
The analysts wrote, “We view National Vision as an attractive core holding for small/midcap growth investors with a favorable set-up at this stage in the economic cycle owing to both offensive (white space, +MSD comps) and defensive (recurring revenue, subscription club, recession resistance) characteristics. A model with visibility; an eye on value in historically high- priced category. Challenges across retail have been well documented, but National Vision has outgrown peers and taken share by offering low prices and free eye exams to an underserved value segment of the market. Over the past 10 years, value players have outgrown the industry by nearly 2x (6.6% vs. 3.4% CAGR), with National Vision a key contributor posting 62 straight quarters of positive comps (+5% during this time, including recession). A look ahead; we model double-digit sales & profit growth. Over the next 3-5 years, we expect National Vision to post ~10% EBITDA and.””
Separately, Citigroup began coverage on National Vision in a research note on Monday, November 20th. They set a “buy” rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. National Vision currently has an average rating of “Buy” and a consensus price target of $33.67.
Shares of National Vision (NASDAQ:EYE) traded up $0.32 during trading on Monday, hitting $32.90. The stock had a trading volume of 232,842 shares, compared to its average volume of 405,472. National Vision has a fifty-two week low of $27.19 and a fifty-two week high of $33.88.
In other National Vision news, COO Raymond J. Mcallister bought 11,200 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $22.00 per share, with a total value of $246,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patrick R. Moore acquired 4,500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $22.00 per share, with a total value of $99,000.00. The disclosure for this purchase can be found here.
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About National Vision
National Vision Holdings, Inc is an optical retail company. The Company is focused on offering a variety of products and services for customers’ eye care needs. The Company’s segments include owned & host segment and legacy segment. The owned & host segment includes two owned brands, America’s Best and Eyeglass World, and Vista Optical locations in Fred Meyer stores.
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