National Vision Holdings, Inc. (NASDAQ:EYE) Receives $29.00 Consensus Target Price from Analysts

National Vision Holdings, Inc. (NASDAQ:EYE) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $29.00.

EYE has been the topic of a number of recent research reports. Citigroup increased their price objective on National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research note on Thursday, January 22nd. Barclays lifted their price objective on National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 18th. National Bank Financial set a $32.00 target price on shares of National Vision in a research report on Tuesday, December 9th. Finally, Morgan Stanley lifted their price target on shares of National Vision from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th.

Hedge Funds Weigh In On National Vision

Several hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in shares of National Vision by 16.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,303 shares of the company’s stock worth $214,000 after buying an additional 1,185 shares during the period. Uniplan Investment Counsel Inc. boosted its stake in National Vision by 274.6% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 73,198 shares of the company’s stock worth $1,890,000 after acquiring an additional 53,660 shares during the last quarter. Wellington Management Group LLP grew its holdings in National Vision by 27.6% during the fourth quarter. Wellington Management Group LLP now owns 5,783,699 shares of the company’s stock valued at $149,335,000 after purchasing an additional 1,251,499 shares during the period. Millennium Management LLC acquired a new position in National Vision during the fourth quarter valued at approximately $16,109,000. Finally, Inspire Investing LLC raised its holdings in National Vision by 308.2% in the fourth quarter. Inspire Investing LLC now owns 63,277 shares of the company’s stock worth $1,634,000 after purchasing an additional 47,776 shares during the period.

National Vision Price Performance

EYE opened at $27.35 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32. The stock has a market capitalization of $2.17 billion, a P/E ratio of -911.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The company’s 50 day simple moving average is $27.47 and its 200-day simple moving average is $26.35. National Vision has a one year low of $10.45 and a one year high of $30.02.

About National Vision

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.