National Vision Holdings Inc (NASDAQ:EYE)’s share price rose 5.7% during trading on Friday after Morgan Stanley raised their price target on the stock from $49.00 to $53.00. Morgan Stanley currently has an overweight rating on the stock. National Vision traded as high as $42.44 and last traded at $42.22. Approximately 556,675 shares traded hands during trading, an increase of 15% from the average daily volume of 483,013 shares. The stock had previously closed at $39.93.

EYE has been the subject of a number of other research reports. Bank of America upped their price objective on shares of National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Barclays initiated coverage on shares of National Vision in a research report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 price objective for the company. Jefferies Financial Group set a $50.00 price objective on shares of National Vision and gave the stock a “buy” rating in a research report on Tuesday, August 14th. William Blair initiated coverage on shares of National Vision in a research report on Wednesday, October 3rd. They set an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of National Vision from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. National Vision currently has an average rating of “Buy” and an average target price of $45.00.

In other news, major shareholder Vision Aggregator L.P. Kkr sold 1,742,007 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total value of $66,649,187.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick R. Moore sold 51,874 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $1,984,699.24. The disclosure for this sale can be found here. In the last quarter, insiders bought 450 shares of company stock valued at $19,509 and sold 16,605,427 shares valued at $635,597,211. Company insiders own 2.82% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of National Vision by 41.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after purchasing an additional 1,931 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of National Vision by 1,774.4% in the 3rd quarter. Bank of Montreal Can now owns 4,536 shares of the company’s stock valued at $205,000 after purchasing an additional 4,294 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of National Vision by 69.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after purchasing an additional 4,479 shares in the last quarter. Barclays PLC increased its holdings in shares of National Vision by 225.9% in the 1st quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after purchasing an additional 6,578 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of National Vision in the 2nd quarter valued at about $249,000.

The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.41 billion and a PE ratio of 77.87.

National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.53 million for the quarter, compared to analysts’ expectations of $371.40 million. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. Analysts expect that National Vision Holdings Inc will post 0.62 earnings per share for the current year.

National Vision Company Profile (NASDAQ:EYE)

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.

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