National Vision (NASDAQ:EYE) Trading Down 5% – Here’s Why

National Vision Holdings, Inc. (NASDAQ:EYE)’s share price traded down 5% during trading on Thursday . The company traded as low as $17.84 and last traded at $17.74. Approximately 441,455 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,823,834 shares. The stock had previously closed at $18.67.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EYE shares. Citigroup decreased their target price on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. UBS Group decreased their price objective on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Morgan Stanley lowered their target price on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.36.

National Vision Trading Down 2.7%

The firm has a 50-day moving average of $19.84 and a 200 day moving average of $22.03. The company has a market cap of $1.37 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The business had revenue of $498.81 million during the quarter. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EYE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in National Vision by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,257 shares of the company’s stock valued at $591,000 after purchasing an additional 1,948 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of National Vision by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 235,125 shares of the company’s stock worth $3,005,000 after purchasing an additional 13,384 shares in the last quarter. Creative Planning bought a new position in shares of National Vision during the 2nd quarter worth about $395,000. Walleye Capital LLC grew its stake in shares of National Vision by 29.4% in the 2nd quarter. Walleye Capital LLC now owns 27,127 shares of the company’s stock valued at $624,000 after buying an additional 6,170 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of National Vision by 13.8% in the 2nd quarter. Cerity Partners LLC now owns 16,887 shares of the company’s stock valued at $389,000 after buying an additional 2,049 shares during the period.

About National Vision

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.