Investment analysts at Goldman Sachs Group started coverage on shares of National Vision (NASDAQ:EYE) in a report issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $33.00 price target on the stock. Goldman Sachs Group’s price target indicates a potential upside of 5.03% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Guggenheim reaffirmed a “buy” rating and set a $40.00 target price on shares of National Vision in a research note on Thursday, May 9th. Loop Capital initiated coverage on shares of National Vision in a research note on Thursday, June 13th. They set a “hold” rating and a $26.00 target price on the stock. TheStreet raised shares of Stitch Fix from a “d” rating to a “c-” rating in a research note on Wednesday, June 26th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 300 ($3.92) target price on shares of Forterra in a research note on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. National Vision presently has an average rating of “Buy” and an average price target of $42.00.
National Vision stock opened at $31.42 on Thursday. The company has a fifty day moving average of $29.38. National Vision has a 1 year low of $25.60 and a 1 year high of $46.63. The firm has a market cap of $2.43 billion, a PE ratio of 51.88, a P/E/G ratio of 3.21 and a beta of 1.43. The company has a quick ratio of 0.53, a current ratio of 0.91 and a debt-to-equity ratio of 1.17.
National Vision (NASDAQ:EYE) last announced its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. National Vision had a net margin of 1.12% and a return on equity of 6.29%. The company had revenue of $461.22 million for the quarter, compared to analysts’ expectations of $455.42 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts predict that National Vision will post 0.52 EPS for the current fiscal year.
In other news, CEO L Reade Fahs sold 10,000 shares of National Vision stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $27.34, for a total transaction of $273,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Chris Beasley sold 25,000 shares of National Vision stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.99, for a total value of $674,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,657 shares of company stock worth $3,572,511. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Riverbridge Partners LLC purchased a new stake in National Vision in the 2nd quarter valued at about $31,247,000. BlackRock Inc. raised its holdings in National Vision by 31.6% in the 4th quarter. BlackRock Inc. now owns 4,219,873 shares of the company’s stock valued at $118,873,000 after buying an additional 1,014,078 shares during the period. JPMorgan Chase & Co. raised its holdings in National Vision by 41.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,464,450 shares of the company’s stock valued at $108,887,000 after buying an additional 1,010,344 shares during the period. Wasatch Advisors Inc. raised its holdings in National Vision by 90.4% in the 1st quarter. Wasatch Advisors Inc. now owns 2,018,574 shares of the company’s stock valued at $63,444,000 after buying an additional 958,537 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in National Vision by 63.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,388,246 shares of the company’s stock valued at $75,063,000 after buying an additional 926,226 shares during the period.
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, 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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