National Vision (NASDAQ:EYE) Shares Up 6.3% – Should You Buy?

National Vision Holdings, Inc. (NASDAQ:EYE) rose 6.3% during trading on Wednesday . The stock traded as high as $16.80 and last traded at $16.8460. 969,650 shares changed hands during trading, a decline of 47% from the average daily volume of 1,846,354 shares. The stock had previously closed at $15.85.

Analyst Ratings Changes

Several equities research analysts have weighed in on EYE shares. Morgan Stanley lowered their target price on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. UBS Group reduced their price target on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Guggenheim set a $27.00 price objective on National Vision in a report on Friday, September 11th. Citigroup lowered their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Vision currently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

National Vision Stock Up 2.6%

The company’s 50-day moving average is $19.30 and its 200 day moving average is $20.95. The stock has a market capitalization of $1.33 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. The company had revenue of $498.81 million for the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. As a group, analysts anticipate that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

Institutional Trading of National Vision

A number of hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in National Vision by 96.2% in the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock valued at $34,000 after buying an additional 877 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of National Vision in the second quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of National Vision by 176.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock worth $42,000 after acquiring an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of National Vision by 416.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,047 shares of the company’s stock worth $53,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of National Vision during the 2nd quarter worth about $101,000.

National Vision Company Profile

National Vision Holdings, Inc (NASDAQ:EYE) is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America’s Best Contacts & Eyeglasses and Eyeglass World brands. America’s Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.