BMO Capital Markets Issues Positive Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE) had its price objective boosted by BMO Capital Markets from $13.00 to $19.00 in a research note published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other brokerages have also recently issued reports on EYE. Barclays increased their target price on shares of National Vision from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Loop Capital raised their price objective on shares of National Vision from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. The Goldman Sachs Group boosted their target price on National Vision from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Wells Fargo & Company raised their price target on National Vision from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Finally, Morgan Stanley reduced their price objective on National Vision from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.75.

National Vision Stock Performance

Shares of National Vision stock opened at $19.22 on Monday. National Vision has a 52-week low of $9.56 and a 52-week high of $19.41. The firm has a market capitalization of $1.52 billion, a PE ratio of -96.10, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The company’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $12.11.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $510.32 million for the quarter, compared to analysts’ expectations of $510.30 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, analysts expect that National Vision will post 0.31 EPS for the current year.

Insider Buying and Selling

In other National Vision news, SVP Ravi Acharya sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total value of $225,000.00. Following the completion of the sale, the senior vice president now owns 11,700 shares of the company’s stock, valued at approximately $219,375. This represents a 50.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Institutional Trading of National Vision

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of National Vision during the first quarter worth about $35,000. Smartleaf Asset Management LLC raised its holdings in National Vision by 69.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after buying an additional 1,230 shares during the period. Tower Research Capital LLC TRC lifted its stake in National Vision by 87.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company’s stock valued at $73,000 after buying an additional 3,291 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of National Vision by 49.2% in the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company’s stock valued at $94,000 after buying an additional 2,412 shares during the period. Finally, Teza Capital Management LLC bought a new stake in shares of National Vision during the first quarter worth $142,000.

About National Vision

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.