National Vision (NASDAQ:EYE) Given New $12.00 Price Target at Wells Fargo & Company

National Vision (NASDAQ:EYE) had its target price cut by stock analysts at Wells Fargo & Company from $13.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 10.29% from the company’s current price.

National Vision Price Performance

NASDAQ:EYE opened at $10.88 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $11.28 and its 200 day moving average price is $11.39. National Vision has a 52-week low of $9.56 and a 52-week high of $24.11. The firm has a market cap of $856.80 million, a P/E ratio of -54.40, a PEG ratio of 3.10 and a beta of 1.42.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $451.13 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was down 15.2% compared to the same quarter last year. As a group, sell-side analysts predict that National Vision will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Vision

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in National Vision by 28.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock valued at $38,952,000 after purchasing an additional 656,656 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of National Vision by 115.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after acquiring an additional 1,330,023 shares in the last quarter. Geode Capital Management LLC increased its stake in National Vision by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock valued at $20,737,000 after acquiring an additional 45,754 shares during the period. Marshall Wace LLP raised its position in National Vision by 85.6% in the second quarter. Marshall Wace LLP now owns 1,761,767 shares of the company’s stock worth $23,062,000 after purchasing an additional 812,513 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in National Vision by 17.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock worth $15,408,000 after purchasing an additional 208,684 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.