National Vision (NASDAQ:EYE) Price Target Raised to $26.00 at Bank of America

National Vision (NASDAQ:EYE) had its price objective boosted by Bank of America from $22.00 to $26.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Loop Capital boosted their target price 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. Barclays boosted their target price on shares of National Vision from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. BMO Capital Markets set a $19.00 target price on shares of National Vision and gave the stock a “market perform” rating in a report on Monday, May 19th. The Goldman Sachs Group upped their price target on shares of National Vision from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Citigroup raised shares of National Vision from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.00 to $21.00 in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.67.

National Vision Price Performance

EYE stock opened at $23.00 on Wednesday. National Vision has a one year low of $9.56 and a one year high of $23.22. The company’s fifty day moving average price is $16.88 and its 200-day moving average price is $13.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.54. The company has a market capitalization of $1.82 billion, a PE ratio of -69.69, a price-to-earnings-growth ratio of 6.51 and a beta of 1.24.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, May 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. National Vision had a negative net margin of 1.40% and a positive return on equity of 3.44%. The firm had revenue of $510.32 million for the quarter, compared to the consensus estimate of $510.30 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that National Vision will post 0.31 EPS for the current fiscal year.

Insider Activity at National Vision

In related news, SVP Ravi Acharya sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.75, for a total value of $225,000.00. Following the transaction, the senior vice president now owns 11,700 shares of the company’s stock, valued at $219,375. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On National Vision

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of National Vision by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 382,016 shares of the company’s stock worth $3,981,000 after purchasing an additional 11,281 shares during the period. Ieq Capital LLC acquired a new stake in shares of National Vision during the 4th quarter worth approximately $247,000. Y Intercept Hong Kong Ltd grew its stake in shares of National Vision by 34.4% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 63,264 shares of the company’s stock worth $659,000 after purchasing an additional 16,184 shares during the period. Bank of New York Mellon Corp grew its stake in shares of National Vision by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 523,591 shares of the company’s stock worth $5,456,000 after purchasing an additional 12,190 shares during the period. Finally, Versor Investments LP grew its stake in shares of National Vision by 24.6% during the 4th quarter. Versor Investments LP now owns 30,934 shares of the company’s stock worth $322,000 after purchasing an additional 6,100 shares during the period.

National Vision Company Profile

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.