Jefferies Financial Group Reiterates “$50.00” Price Target for National Vision (EYE)
A number of other equities analysts have also recently issued reports on EYE. Wells Fargo & Co started coverage on National Vision in a report on Monday, April 23rd. They issued an outperform rating and a $40.00 target price for the company. Guggenheim reissued a buy rating and issued a $46.00 target price on shares of National Vision in a report on Tuesday, May 15th. Zacks Investment Research cut National Vision from a hold rating to a sell rating in a report on Tuesday, May 22nd. Finally, ValuEngine raised National Vision from a hold rating to a buy rating in a report on Monday, July 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $43.67.
Shares of EYE stock opened at $40.46 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.79. National Vision has a 12 month low of $27.19 and a 12 month high of $46.00. The company has a market capitalization of $3.38 billion and a price-to-earnings ratio of 76.32.
In related news, SVP Chris Beasley sold 6,219 shares of the firm’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $38.97, for a total transaction of $242,354.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Vision Aggregator L.P. Kkr sold 1,742,007 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total value of $66,649,187.82. The disclosure for this sale can be found here. Insiders have sold a total of 16,575,169 shares of company stock valued at $634,191,181 over the last ninety days. Insiders own 2.82% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in National Vision by 41.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after purchasing an additional 1,931 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in National Vision by 69.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after purchasing an additional 4,479 shares in the last quarter. Barclays PLC increased its holdings in National Vision by 225.9% during the 1st quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after purchasing an additional 6,578 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in National Vision during the 2nd quarter valued at $249,000. Finally, American International Group Inc. increased its holdings in National Vision by 57.6% during the 1st quarter. American International Group Inc. now owns 19,487 shares of the company’s stock valued at $630,000 after purchasing an additional 7,119 shares in the last quarter. 98.53% of the stock is owned by hedge funds and other institutional investors.
National Vision Company Profile
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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