National Vision Holdings Inc (NASDAQ:EYE) Receives $42.00 Consensus PT from Analysts

National Vision Holdings Inc (NASDAQ:EYE) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.00.

Several equities research analysts recently issued reports on EYE shares. Loop Capital set a $15.00 target price on shares of Michaels Companies and gave the stock a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. TheStreet raised shares of Stitch Fix from a “d” rating to a “c-” rating in a research report on Wednesday, June 26th. 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. Finally, Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, July 11th.

In other news, CEO L Reade Fahs sold 10,000 shares of National Vision stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.60, for a total transaction of $266,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeff Busbee sold 50,744 shares of National Vision stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $28.60, for a total transaction of $1,451,278.40. The disclosure for this sale can be found here. Insiders have sold 128,657 shares of company stock worth $3,572,511 in the last quarter. Insiders own 2.60% of the company’s stock.

Several large investors have recently modified their holdings of EYE. California Public Employees Retirement System increased its stake in shares of National Vision by 1,096.4% in the fourth quarter. California Public Employees Retirement System now owns 109,470 shares of the company’s stock worth $3,084,000 after buying an additional 100,320 shares during the last quarter. New York State Common Retirement Fund increased its stake in National Vision by 37.4% during the fourth quarter. New York State Common Retirement Fund now owns 62,881 shares of the company’s stock valued at $1,771,000 after purchasing an additional 17,100 shares during the last quarter. BlackRock Inc. increased its stake in National Vision by 31.6% during the fourth quarter. BlackRock Inc. now owns 4,219,873 shares of the company’s stock valued at $118,873,000 after purchasing an additional 1,014,078 shares during the last quarter. Bank of New York Mellon Corp increased its stake in National Vision by 62.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,430 shares of the company’s stock valued at $40,295,000 after purchasing an additional 552,119 shares during the last quarter. Finally, Northern Trust Corp increased its stake in National Vision by 26.0% during the fourth quarter. Northern Trust Corp now owns 761,527 shares of the company’s stock valued at $21,452,000 after purchasing an additional 157,211 shares during the last quarter.

Shares of EYE traded up $0.48 during trading hours on Friday, reaching $32.17. The company had a trading volume of 21,948 shares, compared to its average volume of 659,798. The firm has a 50 day moving average of $29.65. 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 stock has a market capitalization of $2.46 billion, a P/E ratio of 71.44, a price-to-earnings-growth ratio of 3.24 and a beta of 1.43. National Vision has a 12-month low of $25.60 and a 12-month high of $46.63.

National Vision (NASDAQ:EYE) last posted its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share 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 the consensus estimate of $455.42 million. During the same period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts predict that National Vision will post 0.52 earnings per share for the current year.

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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Analyst Recommendations for National Vision (NASDAQ:EYE)

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