National Vision Holdings, Inc. (NASDAQ:EYE) Stock Rated “Moderate Buy” by Sell-Side Analysts

National Vision Holdings, Inc. (NASDAQ:EYE) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.82.

EYE has been the subject of several recent research reports. Citigroup lowered their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings lowered shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. UBS Group dropped their price target on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Guggenheim set a $27.00 price target on shares of National Vision in a report on Friday, September 11th. Finally, Morgan Stanley decreased their price objective on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th.

Hedge Funds Weigh In On National Vision

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in National Vision in the second quarter worth about $230,295,000. William Blair Investment Management LLC purchased a new position in shares of National Vision in the second quarter worth approximately $90,248,000. Wellington Management Group LLP grew its position in National Vision by 39.6% during the second quarter. Wellington Management Group LLP now owns 7,669,853 shares of the company’s stock valued at $145,804,000 after buying an additional 2,173,887 shares during the period. Bank of America Corp DE bought a new stake in National Vision during the second quarter valued at approximately $16,174,000. Finally, Avalon Trust Co purchased a new stake in shares of National Vision in the 2nd quarter worth $14,481,000.

National Vision Stock Up 0.5%

EYE opened at $16.82 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.32 and a beta of 0.98. The business’s 50-day moving average price is $18.22 and its 200-day moving average price is $19.87. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. National Vision has a 12 month low of $14.75 and a 12 month high of $30.02.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The company had revenue of $498.81 million during the quarter. During the same period last year, the firm posted $0.18 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that National Vision will post 0.65 EPS for the current year.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides eye examinations, prescription eyewear and contact lenses through a network of stores and online channels. The company serves value-oriented consumers with products and services that include comprehensive eye care, eyeglasses, sunglasses, contact lenses and related optical accessories.

National Vision operates primarily through the America’s Best Contacts & Eyeglasses and Eyeglass World brands, as well as optical centers located within select retail locations under the Vista Optical name.