Shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.00.
A number of research firms recently weighed in on EYE. UBS Group decreased their target price on National Vision from $50.00 to $31.00 in a research report on Thursday, March 2nd. Morgan Stanley cut their target price on shares of National Vision from $43.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, March 2nd. Citigroup cut their target price on shares of National Vision from $48.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Barclays cut shares of National Vision from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 2nd. Finally, Loop Capital boosted their price objective on shares of National Vision from $23.00 to $28.00 in a research report on Friday, May 12th.
National Vision Price Performance
Shares of NASDAQ:EYE opened at $26.18 on Wednesday. National Vision has a 1 year low of $17.25 and a 1 year high of $43.82. The business has a fifty day simple moving average of $22.07 and a 200 day simple moving average of $30.88. The company has a current ratio of 1.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 70.76, a P/E/G ratio of 3.85 and a beta of 1.40.
Insider Buying and Selling
In related news, CEO L Reade Fahs bought 12,625 shares of National Vision stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $23.81 per share, with a total value of $300,601.25. Following the purchase, the chief executive officer now owns 556,550 shares in the company, valued at $13,251,455.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other National Vision news, Director D Randolph Peeler purchased 22,861 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were purchased at an average cost of $25.59 per share, with a total value of $585,012.99. Following the transaction, the director now directly owns 131,271 shares of the company’s stock, valued at approximately $3,359,224.89. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO L Reade Fahs purchased 12,625 shares of the business’s stock in a transaction on Monday, May 15th. The shares were acquired at an average cost of $23.81 per share, for a total transaction of $300,601.25. Following the completion of the transaction, the chief executive officer now directly owns 556,550 shares in the company, valued at $13,251,455.50. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On National Vision
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of National Vision by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,648 shares of the company’s stock valued at $800,000 after purchasing an additional 265 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of National Vision by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 54,948 shares of the company’s stock valued at $2,129,000 after purchasing an additional 303 shares during the period. Public Employees Retirement System of Ohio raised its holdings in National Vision by 12.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,853 shares of the company’s stock valued at $93,000 after acquiring an additional 309 shares during the period. Crossmark Global Holdings Inc. raised its holdings in National Vision by 5.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,629 shares of the company’s stock valued at $257,000 after acquiring an additional 349 shares during the period. Finally, American Century Companies Inc. raised its holdings in National Vision by 5.6% in the 1st quarter. American Century Companies Inc. now owns 10,386 shares of the company’s stock valued at $193,000 after acquiring an additional 551 shares during the period.
About National Vision
National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment offers America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.
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