National Vision (NASDAQ:EYE) Shares Down 8.3%

Shares of National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) traded down 8.3% on Friday . The stock traded as low as $19.93 and last traded at $19.98. 540,619 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,129,138 shares. The stock had previously closed at $21.78.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley lowered their price objective on National Vision from $43.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, March 2nd. Guggenheim boosted their price objective on National Vision to $45.00 in a research report on Wednesday, November 16th. The Goldman Sachs Group decreased their target price on National Vision from $41.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, March 2nd. UBS Group decreased their target price on National Vision from $50.00 to $31.00 in a report on Thursday, March 2nd. Finally, Citigroup decreased their target price on National Vision from $48.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

National Vision Stock Performance

The business has a fifty day simple moving average of $37.33 and a 200-day simple moving average of $36.76. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.59 billion, a P/E ratio of 40.96, a P/E/G ratio of 2.37 and a beta of 1.50.

Insiders Place Their Bets

In other National Vision news, SVP Ravi Acharya sold 1,394 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $40.00, for a total value of $55,760.00. Following the completion of the transaction, the senior vice president now owns 832 shares in the company, valued at $33,280. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On National Vision

A number of institutional investors have recently modified their holdings of EYE. Point72 Hong Kong Ltd purchased a new stake in shares of National Vision in the third quarter worth $74,000. Quadrant Capital Group LLC boosted its position in shares of National Vision by 420.9% during the third quarter. Quadrant Capital Group LLC now owns 2,563 shares of the company’s stock valued at $84,000 after buying an additional 2,071 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of National Vision by 12.1% during the third quarter. Public Employees Retirement System of Ohio now owns 2,853 shares of the company’s stock valued at $93,000 after buying an additional 309 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of National Vision during the third quarter valued at $93,000. Finally, State of Wyoming purchased a new stake in shares of National Vision during the fourth quarter valued at $99,000.

About National Vision

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National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.