National Vision (NASDAQ:EYE) Shares Gap Up to $56.27

Shares of National Vision Holdings, Inc. (NASDAQ:EYE) gapped up before the market opened on Thursday . The stock had previously closed at $56.27, but opened at $59.16. National Vision shares last traded at $59.74, with a volume of 2,515 shares traded.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of National Vision from a “strong-buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research note on Wednesday, July 14th. TheStreet raised shares of National Vision from a “c+” rating to a “b+” rating in a research report on Tuesday, July 6th. BMO Capital Markets raised their price target on shares of National Vision from $48.00 to $51.00 and gave the company a “market perform” rating in a research report on Friday, August 13th. Morgan Stanley raised shares of National Vision from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $57.00 to $70.00 in a research report on Thursday. Finally, Loop Capital raised their price target on shares of National Vision from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, August 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, National Vision presently has a consensus rating of “Hold” and a consensus price target of $54.00.

The firm has a market capitalization of $4.90 billion, a PE ratio of 34.25, a PEG ratio of 2.20 and a beta of 1.73. The company’s 50-day moving average price is $57.32 and its 200-day moving average price is $52.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.32 and a current ratio of 1.64.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.29. The business had revenue of $549.49 million during the quarter, compared to analysts’ expectations of $494.70 million. National Vision had a net margin of 7.33% and a return on equity of 17.77%. As a group, analysts anticipate that National Vision Holdings, Inc. will post 1.12 earnings per share for the current year.

In related news, SVP Jared Brandman sold 20,000 shares of National Vision stock in a transaction on Wednesday, July 28th. The shares were sold at an average price of $53.50, for a total transaction of $1,070,000.00. Following the sale, the senior vice president now directly owns 26,720 shares in the company, valued at approximately $1,429,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO L Reade Fahs sold 18,367 shares of National Vision stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of $55.02, for a total transaction of $1,010,552.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,167 shares of company stock valued at $2,124,560. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sageworth Trust Co acquired a new position in National Vision in the first quarter valued at $81,000. Dupont Capital Management Corp acquired a new position in shares of National Vision during the second quarter worth about $149,000. Solstein Capital LLC acquired a new position in shares of National Vision during the first quarter worth about $137,000. Nisa Investment Advisors LLC increased its stake in shares of National Vision by 30.4% during the second quarter. Nisa Investment Advisors LLC now owns 3,130 shares of the company’s stock worth $160,000 after acquiring an additional 730 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in National Vision during the second quarter worth about $204,000.

About National Vision (NASDAQ:EYE)

National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment involves operations of, and supplies inventory and lab processing services.

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