Wells Fargo & Company Forecasts Strong Price Appreciation for National Vision (NASDAQ:EYE) Stock

National Vision (NASDAQ:EYE) had its price objective increased by investment analysts at Wells Fargo & Company from $13.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 12.64% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Morgan Stanley decreased their price objective on National Vision from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America upgraded shares of National Vision from an “underperform” rating to a “buy” rating in a report on Wednesday. Citigroup increased their target price on shares of National Vision from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Finally, Barclays increased their price objective on shares of National Vision from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.14.

National Vision Stock Performance

NASDAQ EYE opened at $17.17 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. National Vision has a 1-year low of $9.56 and a 1-year high of $17.26. The company has a market cap of $1.36 billion, a PE ratio of -85.85, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02. The stock’s 50 day simple moving average is $12.42 and its 200-day simple moving average is $11.72.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, May 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $510.32 million during the quarter, compared to analysts’ expectations of $510.30 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, equities research analysts anticipate that National Vision will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On National Vision

Several large investors have recently bought and sold shares of EYE. GAMMA Investing LLC increased its holdings in National Vision by 309.2% in the fourth quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock valued at $51,000 after buying an additional 3,707 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in National Vision by 4.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 28,676 shares of the company’s stock worth $298,000 after purchasing an additional 1,100 shares during the last quarter. SG Americas Securities LLC acquired a new position in National Vision in the fourth quarter valued at approximately $207,000. Linden Thomas Advisory Services LLC raised its holdings in National Vision by 15.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,478 shares of the company’s stock worth $286,000 after purchasing an additional 3,705 shares in the last quarter. Finally, Stoneridge Investment Partners LLC lifted its position in shares of National Vision by 16.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 17,511 shares of the company’s stock worth $182,000 after buying an additional 2,475 shares during the last quarter.

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.