National Vision (NASDAQ:EYE) Trading Up 6.3% – Should You Buy?

National Vision Holdings, Inc. (NASDAQ:EYE)’s stock price was up 6.3% on Wednesday . The stock traded as high as $16.80 and last traded at $16.8460. Approximately 969,650 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 1,846,354 shares. The stock had previously closed at $15.85.

Analyst Ratings Changes

Several research analysts have recently commented on EYE shares. Citigroup cut their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. UBS Group lowered their price objective on shares of National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Roth Capital reiterated a “buy” rating and issued a $27.00 target price on shares of National Vision in a research report on Thursday, August 13th. Finally, Morgan Stanley reduced their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

National Vision Price Performance

The firm has a market capitalization of $1.34 billion, a P/E ratio of 27.87, a PEG ratio of 1.38 and a beta of 0.98. The business’s 50-day simple moving average is $19.41 and its 200 day simple moving average is $21.10. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm had revenue of $498.81 million during the quarter. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.

Institutional Trading of National Vision

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of National Vision during the second quarter valued at approximately $230,295,000. William Blair Investment Management LLC bought a new stake in National Vision in the second quarter valued at $90,248,000. Wellington Management Group LLP boosted its holdings in National Vision by 39.6% in the second quarter. Wellington Management Group LLP now owns 7,669,853 shares of the company’s stock valued at $145,804,000 after acquiring an additional 2,173,887 shares in the last quarter. Bank of America Corp DE purchased a new position in National Vision during the 2nd quarter valued at $16,174,000. Finally, Avalon Trust Co purchased a new position in National Vision during the 2nd quarter valued at $14,481,000.

About National Vision

National Vision Holdings, Inc (NASDAQ:EYE) is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America’s Best Contacts & Eyeglasses and Eyeglass World brands. America’s Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.