National Vision (NASDAQ:EYE) Sets New 52-Week Low – Here’s Why

National Vision Holdings, Inc. (NASDAQ:EYE)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $9.56 and last traded at $9.60, with a volume of 115807 shares. The stock had previously closed at $9.85.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays cut 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. UBS Group cut their price objective on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group decreased their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.25.

National Vision Trading Down 1.6 %

The company has a market capitalization of $761.26 million, a price-to-earnings ratio of -10.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41. The business’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $13.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.55 and a quick ratio of 0.41.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. Research analysts anticipate that National Vision Holdings, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On National Vision

Institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in National Vision in the 2nd quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in National Vision during the 2nd quarter valued at approximately $32,000. CWM LLC boosted its stake in shares of National Vision by 44.8% during the 2nd quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after buying an additional 841 shares during the last quarter. Headlands Technologies LLC grew its position in shares of National Vision by 688.3% during the second quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock worth $115,000 after buying an additional 7,640 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of National Vision in the second quarter worth $135,000.

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.