National Vision (NASDAQ:EYE)‘s stock had its “buy” rating reissued by equities research analysts at Guggenheim in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $40.00 target price on the stock. Guggenheim’s price objective indicates a potential upside of 45.51% from the stock’s current price.
The analysts wrote, “We are reiterating our BUY rating due to EYE’s attractive growth prospects, but lower our PT to $40 from $46.””
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of National Vision from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. National Vision presently has an average rating of “Buy” and an average price target of $45.25.
NASDAQ:EYE traded up $0.90 during trading hours on Thursday, reaching $27.49. The company had a trading volume of 1,552,900 shares, compared to its average volume of 704,071. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 61.09, a PEG ratio of 2.63 and a beta of 1.62. National Vision has a twelve month low of $25.60 and a twelve month high of $46.63.
National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $461.22 million during the quarter, compared to analysts’ expectations of $455.42 million. National Vision had a net margin of 1.66% and a return on equity of 6.75%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. Equities analysts predict that National Vision will post 0.56 earnings per share for the current fiscal year.
In other National Vision news, CEO L Reade Fahs sold 35,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $30.13, for a total value of $1,054,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 80,000 shares of company stock worth $2,417,100 over the last ninety days. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank lifted its position in shares of National Vision by 384.8% during the fourth quarter. First Hawaiian Bank now owns 2,390 shares of the company’s stock valued at $67,000 after purchasing an additional 1,897 shares in the last quarter. Pearl River Capital LLC bought a new position in shares of National Vision during the fourth quarter valued at about $67,000. Oppenheimer Asset Management Inc. bought a new position in shares of National Vision during the first quarter valued at about $93,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of National Vision by 43.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the company’s stock valued at $115,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Hershey Trust Co. bought a new position in shares of National Vision during the first quarter valued at about $158,000.
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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