National Vision Holdings, Inc. (NASDAQ:EYE) Given Average Recommendation of “Hold” by Brokerages

Shares of National Vision Holdings, Inc. (NASDAQ:EYEGet Free Report) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.60.

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Barclays decreased their price objective on National Vision from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 10th.

Get Our Latest Research Report on EYE

National Vision Stock Performance

Shares of National Vision stock opened at $14.10 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. National Vision has a 52 week low of $13.71 and a 52 week high of $27.02. The firm’s 50 day moving average is $18.37 and its two-hundred day moving average is $19.69. The firm has a market capitalization of $1.11 billion, a P/E ratio of -15.33, a P/E/G ratio of 2.43 and a beta of 1.47.

National Vision (NASDAQ:EYEGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $499.49 million. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue was up 8.0% on a year-over-year basis. Research analysts forecast that National Vision will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO L Reade Fahs acquired 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $14.96 per share, for a total transaction of $299,200.00. Following the transaction, the chief executive officer now owns 633,097 shares in the company, valued at $9,471,131.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other National Vision news, Director D Randolph Peeler purchased 34,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $491,300.00. Following the completion of the purchase, the director now directly owns 182,880 shares in the company, valued at $2,642,616. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO L Reade Fahs acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $14.96 per share, for a total transaction of $299,200.00. Following the acquisition, the chief executive officer now directly owns 633,097 shares of the company’s stock, valued at $9,471,131.12. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On National Vision

Institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC boosted its holdings in National Vision by 13.9% during the third quarter. William Blair Investment Management LLC now owns 10,066,548 shares of the company’s stock worth $162,877,000 after buying an additional 1,228,933 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of National Vision by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 8,908,511 shares of the company’s stock worth $197,413,000 after acquiring an additional 25,982 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of National Vision by 4.2% in the 1st quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock worth $99,980,000 after acquiring an additional 182,504 shares during the period. Hawk Ridge Capital Management LP purchased a new position in National Vision in the 4th quarter valued at approximately $69,274,000. Finally, Dimensional Fund Advisors LP raised its holdings in National Vision by 41.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,249,556 shares of the company’s stock worth $47,085,000 after purchasing an additional 654,462 shares during the last quarter.

About National Vision

(Get Free Report

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.

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Analyst Recommendations for National Vision (NASDAQ:EYE)

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