National Vision (NASDAQ:EYE) Trading Up 5% – Still a Buy?

National Vision Holdings, Inc. (NASDAQ:EYE) shares shot up 5% during trading on Monday . The stock traded as high as $11.56 and last traded at $11.56. 209,009 shares traded hands during trading, a decline of 85% from the average session volume of 1,432,328 shares. The stock had previously closed at $11.01.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Barclays cut their price target on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group dropped their price objective on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.25.

National Vision Stock Up 5.0 %

The stock has a market cap of $909.08 million, a PE ratio of -10.69, a P/E/G ratio of 2.28 and a beta of 1.42. The business has a 50 day moving average price of $10.34 and a 200 day moving average price of $12.76. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The firm had revenue of $451.70 million during the quarter, compared to analysts’ expectations of $451.35 million. During the same period in the previous year, the business posted $0.11 EPS. The business’s revenue was down 14.0% compared to the same quarter last year. Equities research analysts expect that National Vision Holdings, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Trading of National Vision

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in shares of National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after acquiring an additional 841 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of National Vision by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,674 shares of the company’s stock worth $347,000 after acquiring an additional 1,076 shares during the period. Texas Permanent School Fund Corp boosted its holdings in National Vision by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 68,480 shares of the company’s stock valued at $1,518,000 after purchasing an additional 1,117 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of National Vision by 10.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,176 shares of the company’s stock worth $264,000 after buying an additional 1,832 shares during the last quarter. Finally, Stoneridge Investment Partners LLC increased its stake in National Vision by 15.3% during the third quarter. Stoneridge Investment Partners LLC now owns 15,036 shares of the company’s stock worth $164,000 after acquiring an additional 2,000 shares during 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.