National Vision (NASDAQ:EYE) Price Target Cut to $39.00 by Analysts at UBS Group

National Vision (NASDAQ:EYE) had its price objective trimmed by UBS Group from $41.00 to $39.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on EYE. Citigroup lifted their price objective on shares of National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Wells Fargo & Company set a $27.00 price objective on shares of National Vision and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Barclays boosted their target price 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, Roth Capital started coverage on shares of National Vision in a research note on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target on the stock. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.00.

National Vision Stock Performance

Shares of National Vision stock opened at $24.91 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.32 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.98 billion, a P/E ratio of -830.06, a P/E/G ratio of 2.59 and a beta of 1.33. The stock’s fifty day moving average price is $26.03 and its 200-day moving average price is $23.62. National Vision has a 12 month low of $9.93 and a 12 month high of $29.59.

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

Insider Activity

In other news, Chairman L Reade Fahs sold 137,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $24.33, for a total value of $3,342,942.00. Following the sale, the chairman owned 544,795 shares in the company, valued at $13,254,862.35. This represents a 20.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Vision

Several large investors have recently made changes to their positions in EYE. Woodline Partners LP lifted its stake in National Vision by 172.7% in the 1st quarter. Woodline Partners LP now owns 415,730 shares of the company’s stock valued at $5,313,000 after buying an additional 263,308 shares in the last quarter. Teza Capital Management LLC purchased a new position in National Vision in the 1st quarter worth approximately $142,000. Cerity Partners LLC acquired a new position in shares of National Vision during the 1st quarter worth approximately $190,000. Strs Ohio purchased a new stake in shares of National Vision in the first quarter valued at approximately $272,000. Finally, Comerica Bank grew its position in shares of National Vision by 110.9% in the first quarter. Comerica Bank now owns 57,703 shares of the company’s stock valued at $737,000 after purchasing an additional 30,344 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.