National Vision (NASDAQ:EYE) Reaches New 1-Year Low at $10.07

National Vision Holdings, Inc. (NASDAQ:EYE) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.07 and last traded at $10.28, with a volume of 42109 shares changing hands. The stock had previously closed at $10.26.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EYE. UBS Group decreased their price target on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays dropped their target price on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group reduced their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Vision currently has an average rating of “Hold” and an average price target of $15.25.

National Vision Trading Down 2.4 %

The stock has a market cap of $800.54 million, a P/E ratio of -11.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44. The firm’s 50 day simple moving average is $12.11 and its two-hundred day simple moving average is $16.14. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The business had revenue of $451.70 million during the quarter, compared to the consensus estimate of $451.35 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, equities research analysts predict that National Vision Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hawk Ridge Capital Management LP bought a new position in shares of National Vision during the fourth quarter worth about $69,274,000. D. E. Shaw & Co. Inc. increased its stake in shares of National Vision by 115.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after purchasing an additional 1,330,023 shares during the period. Wolf Hill Capital Management LP boosted its position in shares of National Vision by 2,063.4% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,226,573 shares of the company’s stock worth $25,672,000 after buying an additional 1,169,876 shares during the period. Marshall Wace LLP grew its holdings in National Vision by 85.6% in the 2nd quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock worth $23,062,000 after buying an additional 812,513 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in National Vision by 28.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock valued at $38,952,000 after acquiring an additional 656,656 shares during the period.

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.