National Vision (EYE) Trading Up 5.3%

National Vision Holdings Inc (NASDAQ:EYE)’s share price was up 5.3% on Friday . The stock traded as high as $31.45 and last traded at $30.92. Approximately 1,586,409 shares traded hands during trading, an increase of 93% from the average daily volume of 821,039 shares. The stock had previously closed at $29.35.

Several equities analysts have recently weighed in on EYE shares. Morgan Stanley increased their price target on National Vision from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. William Blair started coverage on National Vision in a report on Wednesday, October 3rd. They issued an “outperform” rating on the stock. Zacks Investment Research cut National Vision from a “buy” rating to a “hold” rating in a report on Friday, September 28th. ValuEngine cut National Vision from a “strong-buy” rating to a “buy” rating in a report on Friday, December 7th. Finally, Citigroup decreased their target price on National Vision from $51.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.13.

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 0.57. The firm has a market cap of $2.28 billion, a P/E ratio of 58.80, a PEG ratio of 2.40 and a beta of 1.96.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. The business had revenue of $387.40 million for the quarter, compared to analysts’ expectations of $374.81 million. National Vision had a return on equity of 7.18% and a net margin of 4.83%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Equities analysts anticipate that National Vision Holdings Inc will post 0.53 EPS for the current fiscal year.

In other news, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $44.21, for a total transaction of $442,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mitchell Goodman sold 94,576 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $40.20, for a total value of $3,801,955.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,530,000 shares of company stock worth $503,572,800. Insiders own 2.82% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Select Equity Group L.P. purchased a new position in National Vision in the third quarter worth about $185,118,000. FMR LLC grew its position in National Vision by 39.3% in the third quarter. FMR LLC now owns 9,911,835 shares of the company’s stock worth $447,420,000 after acquiring an additional 2,797,989 shares in the last quarter. Vanguard Group Inc grew its position in National Vision by 48.8% in the third quarter. Vanguard Group Inc now owns 4,266,442 shares of the company’s stock worth $192,587,000 after acquiring an additional 1,398,566 shares in the last quarter. Vanguard Group Inc. grew its position in National Vision by 48.8% in the third quarter. Vanguard Group Inc. now owns 4,266,442 shares of the company’s stock worth $192,587,000 after acquiring an additional 1,398,566 shares in the last quarter. Finally, BlackRock Inc. grew its position in National Vision by 47.4% in the third quarter. BlackRock Inc. now owns 3,205,795 shares of the company’s stock worth $144,712,000 after acquiring an additional 1,030,519 shares in the last quarter.

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National Vision Company Profile (NASDAQ:EYE)

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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