National Vision (NASDAQ:EYE) Reaches New 12-Month Low at $10.16

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.16 and last traded at $10.24, with a volume of 1136096 shares traded. The stock had previously closed at $10.58.

Analyst Ratings Changes

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

National Vision Trading Down 3.2 %

The company has a market cap of $804.46 million, a P/E ratio of -11.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. The stock has a 50-day moving average of $12.64 and a two-hundred day moving average of $16.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.01.

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 3.44% and a positive return on equity of 3.47%. The business had revenue of $451.70 million for the quarter, compared to analysts’ expectations of $451.35 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, equities research analysts predict that National Vision Holdings, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Clearbridge Investments LLC raised its position in shares of National Vision by 4.2% during the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock valued at $99,980,000 after buying an additional 182,504 shares during the last quarter. CenterBook Partners LP bought a new position in shares of National Vision during the 4th quarter valued at about $1,776,000. Federated Hermes Inc. purchased a new position in shares of National Vision during the fourth quarter valued at about $2,981,000. Hawk Ridge Capital Management LP bought a new stake in shares of National Vision in the fourth quarter worth about $69,274,000. Finally, Invenomic Capital Management LP purchased a new stake in shares of National Vision in the fourth quarter worth about $5,872,000.

National Vision Company Profile

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.