ValuEngine Downgrades National Vision (NASDAQ:EYE) to Hold

ValuEngine cut shares of National Vision (NASDAQ:EYE) from a buy rating to a hold rating in a research report report published on Monday, February 4th.

A number of other brokerages have also recently commented on EYE. Zacks Investment Research upgraded shares of National Vision from a hold rating to a strong-buy rating and set a $49.00 price target on the stock in a research report on Tuesday, October 16th. Jefferies Financial Group set a $48.00 target price on shares of National Vision and gave the stock a buy rating in a report on Wednesday, November 14th. Citigroup cut their target price on shares of National Vision from $51.00 to $49.00 and set a buy rating on the stock in a report on Thursday, November 15th. Finally, Morgan Stanley raised their target price on shares of National Vision from $49.00 to $53.00 and gave the stock an overweight rating in a report on Thursday, October 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. National Vision currently has a consensus rating of Buy and an average price target of $48.13.

EYE traded up $1.59 on Monday, reaching $35.19. The company had a trading volume of 562,136 shares, compared to its average volume of 400,167. The company has a market capitalization of $2.60 billion, a P/E ratio of 78.20, a P/E/G ratio of 2.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 0.57. National Vision has a 52-week low of $25.60 and a 52-week high of $46.63.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Wednesday, February 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. National Vision had a net margin of 4.83% and a return on equity of 7.18%. The business had revenue of $355.92 million for the quarter, compared to analysts’ expectations of $350.14 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that National Vision will post 0.73 earnings per share for the current year.

In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $35.28, for a total transaction of $352,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Vaught sold 42,743 shares of the firm’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $30.43, for a total value of $1,300,669.49. The disclosure for this sale can be found here. Insiders sold 122,743 shares of company stock valued at $3,788,769 in the last ninety days. 2.82% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in EYE. Southeast Asset Advisors Inc. raised its position in shares of National Vision by 1.9% in the 4th quarter. Southeast Asset Advisors Inc. now owns 20,360 shares of the company’s stock worth $574,000 after purchasing an additional 370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of National Vision by 43.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the company’s stock worth $115,000 after purchasing an additional 1,241 shares during the last quarter. First Hawaiian Bank raised its position in shares of National Vision by 384.8% in the 4th quarter. First Hawaiian Bank now owns 2,390 shares of the company’s stock worth $67,000 after purchasing an additional 1,897 shares during the last quarter. Pearl River Capital LLC purchased a new position in shares of National Vision in the 4th quarter worth about $67,000. Finally, United Services Automobile Association raised its position in shares of National Vision by 36.1% in the 4th quarter. United Services Automobile Association now owns 10,093 shares of the company’s stock worth $284,000 after purchasing an additional 2,676 shares during the last quarter.

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

Further Reading: Preferred Stock

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Analyst Recommendations for National Vision (NASDAQ:EYE)

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