Citigroup Issues Positive Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE) had its price target hoisted by Citigroup from $29.00 to $35.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

EYE has been the topic of a number of other research reports. UBS Group raised their price objective on shares of National Vision from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Roth Capital started coverage on shares of National Vision in a research report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target on the stock. Barclays upped their price objective on shares of National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

National Vision Stock Performance

NASDAQ EYE opened at $24.91 on Tuesday. The firm has a market capitalization of $1.98 billion, a P/E ratio of -830.06, a PEG ratio of 2.59 and a beta of 1.33. The stock has a 50-day simple moving average of $26.03 and a two-hundred day simple moving average of $23.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53. National Vision has a fifty-two week low of $9.93 and a fifty-two week high of $29.59.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $487.33 million for the quarter, compared to the consensus estimate of $472.98 million. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. On average, equities analysts forecast that National Vision will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the transaction, the chairman directly owned 544,795 shares of the company’s stock, valued at $13,254,862.35. This trade represents a 20.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EYE. Geneos Wealth Management Inc. acquired a new position in National Vision in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the first quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new position in National Vision in the 2nd quarter valued at about $35,000. Smartleaf Asset Management LLC increased its stake 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. Finally, Quarry LP lifted its holdings in National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after buying an additional 1,257 shares in the last quarter.

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.