National Vision (NASDAQ:EYE) Sees Strong Trading Volume

National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) saw an uptick in trading volume on Wednesday . 41,659 shares were traded during mid-day trading, a decline of 96% from the previous session’s volume of 1,119,198 shares.The stock last traded at $26.60 and had previously closed at $26.69.

Several research firms have issued reports on EYE. Barclays increased their target price on shares of National Vision from $43.00 to $52.00 in a research note on Friday, April 1st. The Goldman Sachs Group decreased their price target on shares of National Vision from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 1st. Morgan Stanley decreased their price target on shares of National Vision from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, March 1st. Citigroup decreased their price target on shares of National Vision from $58.00 to $55.00 in a report on Tuesday, March 1st. Finally, TheStreet lowered shares of National Vision from a “b-” rating to a “c+” rating in a report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $55.44.

The firm has a market cap of $2.21 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.31 and a beta of 1.80. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $33.43 and its 200-day simple moving average is $39.40.

National Vision (NASDAQ:EYE – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $527.70 million for the quarter, compared to analyst estimates of $538.38 million. National Vision had a net margin of 5.55% and a return on equity of 10.96%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Analysts anticipate that National Vision Holdings, Inc. will post 0.52 earnings per share for the current year.

In related news, Director Virginia A. Hepner bought 1,000 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was purchased at an average cost of $25.71 per share, with a total value of $25,710.00. Following the transaction, the director now owns 12,588 shares in the company, valued at approximately $323,637.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jared Brandman bought 5,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $23.25 per share, with a total value of $116,250.00. Following the completion of the transaction, the senior vice president now owns 18,697 shares in the company, valued at approximately $434,705.25. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in National Vision by 0.4% in the fourth quarter. Legal & General Group Plc now owns 75,032 shares of the company’s stock worth $3,601,000 after buying an additional 303 shares during the last quarter. Arizona State Retirement System raised its holdings in National Vision by 1.4% in the first quarter. Arizona State Retirement System now owns 22,355 shares of the company’s stock worth $974,000 after buying an additional 319 shares during the last quarter. Raymond James & Associates raised its holdings in National Vision by 1.3% in the fourth quarter. Raymond James & Associates now owns 38,938 shares of the company’s stock worth $1,869,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in National Vision by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 16,514 shares of the company’s stock worth $719,000 after buying an additional 685 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC purchased a new position in National Vision in the first quarter worth about $30,000.

National Vision Company Profile (NASDAQ:EYE)

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.

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