National Vision (NASDAQ:EYE) Stock Falls 6.2% – Should You Sell?

National Vision Holdings, Inc. (NASDAQ:EYE) traded down 6.2% during mid-day trading on Wednesday. The stock traded as low as $18.08 and last traded at $17.8260. Approximately 155,852 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,877,459 shares. The stock had previously closed at $19.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EYE. Morgan Stanley reduced their target price on 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 dropped their price target on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Citigroup cut their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings cut National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Roth Capital reaffirmed a “buy” rating and set a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.82.

National Vision Stock Performance

The firm’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $21.05. The company has a market capitalization of $1.39 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $498.81 million during the quarter. National Vision had a return on equity of 6.78% and a net margin of 2.47%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. On average, research analysts predict that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Boston Partners boosted its position in National Vision by 3.9% in the 3rd quarter. Boston Partners now owns 2,335,789 shares of the company’s stock worth $38,263,000 after purchasing an additional 87,895 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in National Vision during the third quarter valued at $6,853,000. Public Sector Pension Investment Board increased its holdings in National Vision by 88.5% in the third quarter. Public Sector Pension Investment Board now owns 518,887 shares of the company’s stock valued at $8,873,000 after buying an additional 243,605 shares in the last quarter. Global Retirement Partners LLC increased its holdings in National Vision by 16,361.1% in the third quarter. Global Retirement Partners LLC now owns 2,963 shares of the company’s stock valued at $49,000 after buying an additional 2,945 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of National Vision by 23.8% in the third quarter. HighTower Advisors LLC now owns 101,221 shares of the company’s stock worth $1,658,000 after acquiring an additional 19,473 shares during the period.

National Vision Company Profile

National Vision Holdings, Inc. is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories. The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations. Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.