National Vision (EYE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of National Vision (NASDAQ:EYE) from a hold rating to a buy rating in a research note released on Wednesday morning. They currently have $49.00 price objective on the stock.

According to Zacks, “National Vision Holdings, Inc. is involved in optical retail primarily in the United States. The company offer product and services for eye care needs through retail stores and consumer websites. Its brand portfolio consists of America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Walmart stores and Vista Optical locations inside Fred Meyer stores and on select military bases. National Vision Holdings, Inc. is headquartered in Duluth, Georgia. “

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group set a $50.00 target price on National Vision and gave the company a buy rating in a research note on Tuesday, August 14th. Morgan Stanley upped their target price on National Vision from $42.00 to $49.00 and gave the company an overweight rating in a research note on Wednesday, August 15th. Citigroup upped their target price on National Vision from $43.00 to $51.00 and gave the company a buy rating in a research note on Thursday, August 16th. Wells Fargo & Co upped their target price on National Vision from $40.00 to $45.00 and gave the company an outperform rating in a research note on Monday, July 30th. Finally, Bank of America upped their target price on National Vision from $42.00 to $45.00 and gave the company a neutral rating in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. National Vision presently has a consensus rating of Buy and a consensus price target of $44.00.

Shares of NASDAQ:EYE opened at $44.15 on Wednesday. The company has a market cap of $3.32 billion and a PE ratio of 83.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.55 and a current ratio of 1.05. National Vision has a 12 month low of $27.19 and a 12 month high of $46.63.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $385.53 million for the quarter, compared to analyst estimates of $371.40 million. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. analysts expect that National Vision will post 0.62 EPS for the current fiscal year.

In other National Vision news, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $44.43, for a total value of $444,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Vaught sold 26,477 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $43.32, for a total value of $1,146,983.64. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 450 shares of company stock worth $18,146 and sold 16,605,427 shares worth $635,540,111. 2.82% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in National Vision by 41.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after acquiring an additional 1,931 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in National Vision by 69.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after acquiring an additional 4,479 shares during the last quarter. Barclays PLC raised its holdings in National Vision by 225.9% in the 1st quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after acquiring an additional 6,578 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in National Vision in the 2nd quarter valued at $249,000. Finally, American International Group Inc. raised its holdings in National Vision by 57.6% in the 1st quarter. American International Group Inc. now owns 19,487 shares of the company’s stock valued at $630,000 after acquiring an additional 7,119 shares during the last quarter.

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.

Recommended Story: Fundamental Analysis and Individual Investors

Get a free copy of the Zacks research report on National Vision (EYE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for National Vision (NASDAQ:EYE)

Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply