National Vision (NASDAQ:EYE) Reaches New 52-Week Low at $18.32

National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $18.32 and last traded at $18.59, with a volume of 240148 shares. The stock had previously closed at $19.35.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of National Vision from $44.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. Morgan Stanley cut their target price on shares of National Vision from $43.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, March 2nd. Citigroup cut their target price on shares of National Vision from $48.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. UBS Group cut their target price on shares of National Vision from $50.00 to $31.00 in a report on Thursday, March 2nd. Finally, Barclays cut their target price on shares of National Vision from $43.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, National Vision has a consensus rating of “Moderate Buy” and an average target price of $32.00.

National Vision Stock Performance

The stock’s 50 day moving average price is $35.64 and its 200 day moving average price is $36.32. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 2.10 and a beta of 1.50.

Insider Buying and Selling

In related news, SVP Ravi Acharya sold 1,394 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $40.00, for a total transaction of $55,760.00. Following the completion of the sale, the senior vice president now owns 832 shares of the company’s stock, valued at approximately $33,280. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc raised its position in shares of National Vision by 112.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 6,450 shares of the company’s stock worth $177,000 after buying an additional 3,410 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of National Vision during the third quarter valued at approximately $204,000. Public Sector Pension Investment Board acquired a new stake in shares of National Vision during the second quarter valued at approximately $4,145,000. Victory Capital Management Inc. raised its holdings in shares of National Vision by 51.3% during the third quarter. Victory Capital Management Inc. now owns 22,056 shares of the company’s stock valued at $720,000 after acquiring an additional 7,479 shares during the period. Finally, Handelsbanken Fonder AB grew its position in National Vision by 66.7% during the third quarter. Handelsbanken Fonder AB now owns 15,000 shares of the company’s stock valued at $490,000 after purchasing an additional 6,000 shares in the last quarter.

National Vision Company Profile

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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 offers America’s Best and Eyeglass World brands. The Legacy segment includes inventory and lab processing services.