Citigroup Forecasts Strong Price Appreciation for National Vision (NASDAQ:EYE) Stock

by · The Cerbat Gem

National Vision (NASDAQ:EYE – Get Free Report) had its target price raised by investment analysts at Citigroup from $29.00 to $35.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 36.77% from the company’s current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a research report on Wednesday, October 8th. UBS Group lifted their price target on National Vision from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company set a $27.00 price objective on shares of National Vision and gave the company an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Barclays boosted their target price on shares of National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, National Vision presently has a consensus rating of “Hold” and an average price target of $27.00.

Check Out Our Latest Research Report on EYE

National Vision Price Performance

Shares of NASDAQ:EYE traded up $1.13 during midday trading on Tuesday, reaching $25.59. 1,146,283 shares of the company’s stock traded hands, compared to its average volume of 2,066,541. The company has a market cap of $2.03 billion, a P/E ratio of -854.55, a PEG ratio of 2.51 and a beta of 1.33. The company has a fifty day simple moving average of $25.99 and a two-hundred day simple moving average of $23.54. 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 1 year low of $9.93 and a 1 year high of $29.59.

National Vision (NASDAQ:EYE – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company 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 firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. Equities analysts predict that National Vision will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, Chairman L Reade Fahs sold 137,400 shares of the 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 transaction, the chairman owned 544,795 shares in the company, valued at approximately $13,254,862.35. This represents a 20.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On National Vision

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of National Vision during the third quarter worth about $29,000. Meeder Asset Management Inc. purchased a new position in National Vision during the 1st quarter worth approximately $35,000. Elevation Point Wealth Partners LLC purchased a new position in National Vision during the 2nd quarter worth approximately $35,000. Smartleaf Asset Management LLC increased its position in National Vision by 69.3% during the first 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 stake in National Vision by 317.4% in the third quarter. Quarry LP now owns 1,653 shares of the company’s stock valued at $48,000 after buying an additional 1,257 shares during the last quarter.

About National Vision

(Get Free Report)

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.

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