Citigroup Cuts National Vision (NASDAQ:EYE) Price Target to $35.00

National Vision (NASDAQ:EYE) had its price objective cut by Citigroup from $39.00 to $35.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

EYE has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of National Vision in a research report on Tuesday. Wells Fargo & Company decreased their target price on National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. UBS Group cut their target price on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America reduced their target price on National Vision from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $27.00 price target on shares of National Vision in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

National Vision Stock Up 1.3%

EYE stock opened at $19.30 on Thursday. National Vision has a 12 month low of $14.75 and a 12 month high of $30.02. The firm has a market cap of $1.55 billion, a PE ratio of 31.64, a P/E/G ratio of 1.71 and a beta of 1.02. The firm has a 50 day simple moving average of $19.62 and a 200 day simple moving average of $22.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.37.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities research analysts forecast that National Vision will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Vision

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EYE. Fund 1 Investments LLC acquired a new stake in shares of National Vision in the second quarter worth $4,863,000. Freestone Grove Partners LP acquired a new position in National Vision during the second quarter valued at $766,000. Jupiter Topco LLC purchased a new stake in National Vision in the 2nd quarter worth about $656,000. Canada Pension Plan Investment Board acquired a new stake in National Vision during the 2nd quarter worth about $253,000. Finally, Legal & General Group Plc purchased a new position in National Vision during the 2nd quarter valued at about $3,478,000.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.