National Vision (NASDAQ:EYE) Trading 7% Higher

National Vision Holdings, Inc. (NASDAQ:EYE)’s share price shot up 7% during trading on Friday . The stock traded as high as $11.18 and last traded at $11.11. 552,653 shares changed hands during trading, a decline of 62% from the average session volume of 1,459,151 shares. The stock had previously closed at $10.38.

Analyst Upgrades and Downgrades

EYE has been the subject of a number of recent analyst reports. Barclays decreased their target price on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. UBS Group cut their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.25.

National Vision Trading Up 4.6 %

The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $854.03 million, a PE ratio of -12.09, a PEG ratio of 1.60 and a beta of 1.41. The stock’s fifty day simple moving average is $11.80 and its 200 day simple moving average is $15.74.

National Vision (NASDAQ:EYE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The firm had revenue of $451.70 million during the quarter, compared to analyst estimates of $451.35 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. National Vision’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. On average, sell-side analysts predict that National Vision Holdings, Inc. will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On National Vision

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in National Vision by 252.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock valued at $35,000 after acquiring an additional 1,214 shares during the period. Innealta Capital LLC bought a new stake in National Vision during the 2nd quarter valued at approximately $30,000. Meeder Asset Management Inc. purchased a new position in National Vision in the 2nd quarter worth approximately $32,000. CWM LLC boosted its stake in National Vision by 44.8% in the 2nd quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after purchasing an additional 841 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in National Vision by 165,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after buying an additional 4,959 shares in the last quarter.

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.