National Vision Holdings Inc (EYE) Receives Average Rating of “Buy” from Brokerages

National Vision Holdings Inc (NASDAQ:EYE) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.50.

EYE has been the subject of several recent analyst reports. Wells Fargo set a $37.00 target price on National Vision and gave the company a “buy” rating in a research note on Thursday, December 7th. Morgan Stanley set a $36.00 price objective on National Vision and gave the stock a “buy” rating in a research report on Friday, December 8th.

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In other National Vision news, major shareholder Berkshire Partners Holdings Ll sold 338,031 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $31.68, for a total value of $10,708,822.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mitchell Goodman sold 7,166 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $31.68, for a total value of $227,018.88. The disclosure for this sale can be found here. Insiders sold a total of 11,870,180 shares of company stock valued at $376,047,302 in the last quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE acquired a new position in shares of National Vision in the 4th quarter worth approximately $134,000. SG Americas Securities LLC acquired a new position in shares of National Vision in the 4th quarter worth approximately $145,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of National Vision in the 4th quarter worth approximately $158,000. Strs Ohio acquired a new position in shares of National Vision in the 4th quarter worth approximately $215,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of National Vision in the 4th quarter worth approximately $370,000. 97.44% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EYE traded down $0.09 during mid-day trading on Friday, hitting $32.31. 220,611 shares of the company’s stock traded hands, compared to its average volume of 861,952. National Vision has a 12 month low of $27.19 and a 12 month high of $43.80. The company has a market cap of $2,412.14 and a price-to-earnings ratio of 60.96. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 0.85.

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National Vision Company Profile

National Vision Holdings, Inc is an optical retail company. The Company is focused on offering a variety of products and services for customers’ eye care needs. The Company’s segments include owned & host segment and legacy segment. The owned & host segment includes two owned brands, America’s Best and Eyeglass World, and Vista Optical locations in Fred Meyer stores.

Analyst Recommendations for National Vision (NASDAQ:EYE)

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