Shares of National Vision Holdings Inc (NASDAQ:EYE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.19 and last traded at $45.47, with a volume of 5587 shares trading hands. The stock had previously closed at $46.00.
A number of analysts have recently issued reports on EYE shares. Wells Fargo & Co set a $40.00 target price on shares of National Vision and gave the company a “buy” rating in a research note on Tuesday, May 15th. Guggenheim reissued a “buy” rating and set a $46.00 target price on shares of National Vision in a research note on Tuesday, May 15th. Zacks Investment Research lowered shares of National Vision from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Jefferies Financial Group set a $45.00 target price on shares of National Vision and gave the company a “buy” rating in a research note on Monday, July 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. National Vision currently has a consensus rating of “Buy” and an average target price of $43.67.
The company has a market capitalization of $3.34 billion and a price-to-earnings ratio of 86.65. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 0.78.
National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. National Vision had a net margin of 4.68% and a return on equity of 7.47%. The company had revenue of $385.53 million during the quarter, compared to analyst estimates of $371.40 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts predict that National Vision Holdings Inc will post 0.62 EPS for the current fiscal year.
In other National Vision news, SVP Chris Beasley sold 6,219 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $38.97, for a total value of $242,354.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 11,452,321 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $38.26, for a total transaction of $438,165,801.46. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 450 shares of company stock valued at $18,146 and sold 16,575,169 shares valued at $634,191,181. 2.82% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in EYE. BlackRock Inc. raised its holdings in National Vision by 81.4% in the first quarter. BlackRock Inc. now owns 1,895,348 shares of the company’s stock worth $61,240,000 after purchasing an additional 850,315 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of National Vision by 295.0% during the first quarter. Eagle Asset Management Inc. now owns 987,515 shares of the company’s stock valued at $31,906,000 after acquiring an additional 737,515 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of National Vision by 110.9% during the first quarter. Citadel Advisors LLC now owns 1,198,785 shares of the company’s stock valued at $38,732,000 after acquiring an additional 630,425 shares in the last quarter. Carillon Tower Advisers Inc. increased its holdings in shares of National Vision by 260.4% during the first quarter. Carillon Tower Advisers Inc. now owns 835,811 shares of the company’s stock valued at $26,545,000 after acquiring an additional 603,867 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of National Vision during the second quarter valued at about $17,889,000.
National Vision Company Profile (NASDAQ:EYE)
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.
Further Reading: Moving Average (MA)
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