National Vision (NASDAQ:EYE) Shares Gap Up – Here’s What Happened

National Vision Holdings, Inc. (NASDAQ:EYE)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.44, but opened at $13.50. National Vision shares last traded at $12.77, with a volume of 790,614 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EYE shares. Morgan Stanley dropped their target price on shares of National Vision from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company cut their target price on shares of National Vision from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.40.

National Vision Trading Up 16.6 %

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The business’s 50-day moving average is $11.25 and its two-hundred day moving average is $10.96. The firm has a market cap of $1.05 billion, a P/E ratio of -66.80, a P/E/G ratio of 3.27 and a beta of 1.44.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. As a group, analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Vision

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of National Vision by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock valued at $20,737,000 after purchasing an additional 45,754 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of National Vision by 17.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,292 shares of the company’s stock worth $15,408,000 after acquiring an additional 208,684 shares during the period. Stifel Financial Corp grew its position in shares of National Vision by 38.8% in the third quarter. Stifel Financial Corp now owns 33,443 shares of the company’s stock valued at $365,000 after purchasing an additional 9,342 shares during the last quarter. Centiva Capital LP acquired a new position in shares of National Vision in the third quarter valued at approximately $613,000. Finally, GAMMA Investing LLC lifted its holdings in National Vision by 309.2% during the 4th quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock worth $51,000 after purchasing an additional 3,707 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.