National Vision (EYE) Price Target Raised to $45.00

National Vision (NASDAQ:EYE) had its target price boosted by investment analysts at Bank of America from $42.00 to $45.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. Bank of America’s price target indicates a potential upside of 13.44% from the company’s previous close.

EYE has been the subject of a number of other research reports. Zacks Investment Research cut National Vision from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. Wells Fargo & Co set a $40.00 price objective on National Vision and gave the company a “buy” rating in a research report on Tuesday, May 15th. Jefferies Financial Group set a $50.00 price objective on National Vision and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on National Vision from $42.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.67.

EYE opened at $39.67 on Wednesday. The firm has a market cap of $3.38 billion and a P/E ratio of 74.85. National Vision has a 1 year low of $27.19 and a 1 year high of $46.00. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.79.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $385.53 million for the quarter, compared to analyst estimates of $371.40 million. National Vision’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. analysts predict that National Vision will post 0.64 earnings per share for the current year.

In other National Vision news, major shareholder Fund Holdings Gp Ltd Kkr sold 11,452,321 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $38.26, for a total value of $438,165,801.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Chris Beasley sold 6,219 shares of the business’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $38.97, for a total value of $242,354.43. The disclosure for this sale can be found here. Insiders sold 16,575,169 shares of company stock valued at $634,191,181 in the last ninety days. Insiders own 2.82% of the company’s stock.

Several large investors have recently made changes to their positions in EYE. PNC Financial Services Group Inc. lifted its position in shares of National Vision by 41.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock worth $239,000 after purchasing an additional 1,931 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of National Vision during the 2nd quarter worth about $249,000. Engineers Gate Manager LP acquired a new position in shares of National Vision during the 1st quarter worth about $267,000. Barclays PLC lifted its position in shares of National Vision by 225.9% during the 1st quarter. Barclays PLC now owns 9,490 shares of the company’s stock worth $307,000 after purchasing an additional 6,578 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of National Vision by 69.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock worth $352,000 after purchasing an additional 4,479 shares during the last quarter. 98.53% of the stock is owned by institutional investors.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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