National Vision (NASDAQ:EYE) had its price target increased by research analysts at Loop Capital to $30.00 in a report released on Friday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price objective would indicate a potential downside of 4.52% from the company’s current price.
Several other equities research analysts have also commented on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 300 ($3.92) price target on shares of Forterra in a research report on Wednesday, May 29th. TheStreet raised shares of Stitch Fix from a “d” rating to a “c-” rating in a report on Wednesday, June 26th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Guggenheim reissued a “buy” rating and issued a $40.00 target price on shares of National Vision in a report on Thursday, May 9th. Finally, Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $42.00.
NASDAQ EYE opened at $31.42 on Friday. National Vision has a 52 week low of $25.60 and a 52 week high of $46.63. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 52.37, a P/E/G ratio of 3.24 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. The company’s 50-day simple moving average is $29.38.
National Vision (NASDAQ:EYE) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $461.22 million during the quarter, compared to analyst estimates of $455.42 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts forecast that National Vision will post 0.52 EPS for the current fiscal year.
In related news, SVP Chris Beasley sold 25,000 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $27.34, for a total value of $273,400.00. The disclosure for this sale can be found here. Insiders sold a total of 128,657 shares of company stock valued at $3,572,511 over the last three months. 2.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of National Vision during the first quarter worth $93,000. Pearl River Capital LLC lifted its position in shares of National Vision by 93.6% during the first quarter. Pearl River Capital LLC now owns 4,600 shares of the company’s stock worth $144,000 after purchasing an additional 2,224 shares during the last quarter. Hershey Trust Co. bought a new stake in shares of National Vision during the first quarter worth $158,000. Great West Life Assurance Co. Can lifted its position in shares of National Vision by 229.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,306 shares of the company’s stock worth $199,000 after purchasing an additional 5,085 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in shares of National Vision during the fourth quarter worth $257,000.
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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