National Vision (NASDAQ:EYE) had its price target boosted by UBS Group from $35.00 to $36.00 in a research report released on Friday, Stock Target Advisor reports. UBS Group currently has a buy rating on the stock.
Several other equities analysts also recently weighed in on the company. Loop Capital raised National Vision from a hold rating to a buy rating and raised their price target for the stock from $30.00 to $37.00 in a research report on Wednesday, August 7th. Bank of America raised National Vision from a neutral rating to a buy rating in a research report on Tuesday, October 1st. Wells Fargo & Co dropped their price target on National Vision from $37.00 to $30.00 and set an outperform rating for the company in a research report on Monday, September 30th. ValuEngine raised National Vision from a hold rating to a buy rating in a research report on Friday. Finally, Goldman Sachs Group began coverage on National Vision in a research report on Thursday, July 11th. They set a buy rating and a $33.00 price target for the company. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $38.00.
National Vision stock traded down $1.96 during mid-day trading on Friday, reaching $27.75. 1,040,100 shares of the company were exchanged, compared to its average volume of 845,094. The firm’s 50-day simple moving average is $24.13 and its two-hundred day simple moving average is $27.86. The firm has a market cap of $1.97 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 2.67 and a beta of 1.43. National Vision has a twelve month low of $22.02 and a twelve month high of $45.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.94.
National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $431.90 million during the quarter, compared to analysts’ expectations of $427.83 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. National Vision’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts anticipate that National Vision will post 0.55 EPS for the current year.
In other news, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of National Vision stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Vaught sold 48,611 shares of National Vision stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.11, for a total value of $1,463,677.21. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several large investors have recently made changes to their positions in the company. LPL Financial LLC grew its position in National Vision by 11.6% during the second quarter. LPL Financial LLC now owns 10,247 shares of the company’s stock valued at $315,000 after acquiring an additional 1,068 shares during the period. Southeast Asset Advisors Inc. grew its position in National Vision by 4.4% during the second quarter. Southeast Asset Advisors Inc. now owns 27,110 shares of the company’s stock valued at $833,000 after acquiring an additional 1,150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in National Vision by 32.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock valued at $116,000 after acquiring an additional 1,184 shares during the period. Strs Ohio purchased a new stake in National Vision during the second quarter valued at about $46,000. Finally, State Board of Administration of Florida Retirement System grew its position in National Vision by 13.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,899 shares of the company’s stock valued at $489,000 after acquiring an additional 1,880 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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