National Vision (NASDAQ:EYE) Board of Directors Approves Stock Buyback Program

National Vision (NASDAQ:EYE) declared that its board has initiated a stock buyback program on Thursday, November 12th, RTT News reports. The company plans to repurchase $100 million in shares. This buyback authorization authorizes the company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on EYE shares. Morgan Stanley lowered their price objective on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, August 13th. Citigroup dropped their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Roth Capital reiterated a “buy” rating and set a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Guggenheim set a $27.00 target price on National Vision in a research note on Friday, September 11th. Finally, UBS Group decreased their target price on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.82.

National Vision Stock Up 2.7%

EYE traded up $0.48 during trading hours on Thursday, hitting $18.57. 6,462,736 shares of the company’s stock were exchanged, compared to its average volume of 2,007,412. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.43 and a beta of 0.96. National Vision has a 1-year low of $14.75 and a 1-year high of $30.02. The stock’s 50-day moving average is $17.10 and its two-hundred day moving average is $20.97. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last released its earnings results on Thursday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $510.53 million for the quarter, compared to analyst estimates of $512.53 million. National Vision had a return on equity of 6.78% and a net margin of 2.47%. National Vision’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. National Vision has set its FY 2026 guidance at 0.950-1.030 EPS. Sell-side analysts predict that National Vision will post 0.65 earnings per share for the current fiscal year.

More National Vision News

Here’s some of the latest news about EYE:

• Positive Sentiment: Q3 EPS was $0.30, above analysts’ roughly $0.17 estimate and up from $0.13 a year earlier. Profit increased to $19.2 million, with margin expansion contributing to the improvement. National Vision Q3 Profit Surges
• Positive Sentiment: The company set FY2026 EPS guidance of $0.95–$1.03, slightly above the roughly $0.94 consensus cited in the report. National Vision FY2026 outlook
• Negative Sentiment: Quarterly revenue of $510.5 million rose 4.8% year over year but narrowly missed the $512.5 million estimate. FY2026 revenue guidance of about $2.0 billion is below the $2.1 billion consensus, and the company lowered its comparable-sales growth outlook—risks that temper the earnings beat. National Vision earnings beat offset by revenue miss and weak outlook

About National Vision

National Vision Holdings, Inc. is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories. The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations. Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.