National Vision (NASDAQ:EYE) Price Target Lowered to $13.00 at The Goldman Sachs Group

National Vision (NASDAQ:EYE) had its target price lowered by The Goldman Sachs Group from $20.00 to $13.00 in a research report report published on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. UBS Group lowered their price target on National Vision from $20.00 to $18.00 and set a buy rating on the stock in a research note on Thursday. Barclays cut their target price on National Vision from $16.00 to $11.00 and set an equal weight rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, National Vision presently has an average rating of Hold and an average target price of $15.25.

National Vision Stock Performance

Shares of EYE stock traded down $0.66 during trading hours on Friday, reaching $10.28. 3,704,067 shares of the company’s stock were exchanged, compared to its average volume of 1,325,218. National Vision has a fifty-two week low of $10.23 and a fifty-two week high of $24.11. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $807.61 million, a P/E ratio of -11.17, a P/E/G ratio of 2.87 and a beta of 1.44. The business has a fifty day moving average price of $13.28 and a 200-day moving average price of $17.30.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $451.70 million during the quarter, compared to analysts’ expectations of $451.35 million. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Analysts predict that National Vision will post 0.34 EPS for the current fiscal year.

Insider Activity

In other National Vision news, CEO L Reade Fahs purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $14.96 per share, for a total transaction of $299,200.00. Following the transaction, the chief executive officer now directly owns 633,097 shares in the company, valued at $9,471,131.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of National Vision

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hawk Ridge Capital Management LP acquired a new position in shares of National Vision in the 4th quarter valued at $69,274,000. Wolf Hill Capital Management LP lifted its stake in National Vision by 2,063.4% in the fourth quarter. Wolf Hill Capital Management LP now owns 1,226,573 shares of the company’s stock valued at $25,672,000 after buying an additional 1,169,876 shares during the period. Dimensional Fund Advisors LP boosted 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 worth $38,952,000 after buying an additional 656,656 shares during the last quarter. Norges Bank acquired a new position in shares of National Vision during the 4th quarter worth about $7,690,000. Finally, BNP Paribas Financial Markets grew its position in shares of National Vision by 859.8% during the 4th quarter. BNP Paribas Financial Markets now owns 361,790 shares of the company’s stock worth $7,572,000 after buying an additional 324,095 shares during the period.

National Vision Company Profile

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.