National Vision Holdings, Inc. (NASDAQ:EYE) Receives $19.60 Consensus Price Target from Analysts

National Vision Holdings, Inc. (NASDAQ:EYE) has received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.60.

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on National Vision from $19.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group lifted their price objective on shares of National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th.

Insider Transactions at National Vision

In related news, Director D Randolph Peeler purchased 34,000 shares of National Vision stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $491,300.00. Following the completion of the transaction, the director now owns 182,880 shares in the company, valued at $2,642,616. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director D Randolph Peeler acquired 34,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $14.45 per share, with a total value of $491,300.00. Following the purchase, the director now directly owns 182,880 shares of the company’s stock, valued at $2,642,616. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO L Reade Fahs bought 20,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $14.96 per share, with a total value of $299,200.00. Following the completion of the acquisition, the chief executive officer now owns 633,097 shares in the company, valued at $9,471,131.12. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of National Vision by 166.6% in the first quarter. Jane Street Group LLC now owns 211,305 shares of the company’s stock valued at $4,683,000 after buying an additional 132,039 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in National Vision by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,952 shares of the company’s stock worth $1,041,000 after acquiring an additional 2,785 shares in the last quarter. Wolf Hill Capital Management LP increased its holdings in National Vision by 30.1% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,595,323 shares of the company’s stock worth $35,352,000 after acquiring an additional 368,750 shares in the last quarter. Clearbridge Investments LLC raised its position in National Vision by 4.2% during the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock worth $99,980,000 after acquiring an additional 182,504 shares during the period. Finally, Seven Eight Capital LP lifted its holdings in National Vision by 6.0% during the first quarter. Seven Eight Capital LP now owns 63,974 shares of the company’s stock valued at $1,418,000 after purchasing an additional 3,644 shares in the last quarter.

National Vision Stock Down 1.6 %

EYE stock opened at $12.98 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. National Vision has a 52 week low of $12.86 and a 52 week high of $26.10. The stock has a market capitalization of $1.02 billion, a PE ratio of -14.11, a price-to-earnings-growth ratio of 2.84 and a beta of 1.48. The firm has a 50 day moving average of $16.22 and a 200 day moving average of $19.17.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $542.52 million for the quarter, compared to analyst estimates of $557.47 million. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. Sell-side analysts forecast that National Vision will post 0.34 earnings per share for the current year.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.