National Vision (NASDAQ:EYE) Reaches New 12-Month Low at $12.62

National Vision Holdings, Inc. (NASDAQ:EYE) reached a new 52-week low during trading on Wednesday . The stock traded as low as $12.62 and last traded at $12.63, with a volume of 103476 shares trading hands. The stock had previously closed at $12.80.

Analyst Ratings Changes

EYE has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of National Vision from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays reduced their price target on shares of National Vision from $19.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.60.

National Vision Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.01. The company has a market capitalization of $998.51 million, a PE ratio of -13.82, a price-to-earnings-growth ratio of 2.70 and a beta of 1.48. The company’s fifty day moving average is $15.59 and its 200-day moving average is $18.96.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. The business had revenue of $542.52 million during the quarter, compared to the consensus estimate of $557.47 million. As a group, analysts predict that National Vision Holdings, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, CEO L Reade Fahs bought 20,000 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $14.96 per share, for a total transaction of $299,200.00. Following the transaction, the chief executive officer now owns 633,097 shares of the company’s stock, valued at $9,471,131.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other National Vision news, CEO L Reade Fahs bought 20,000 shares of National Vision stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $14.96 per share, for a total transaction of $299,200.00. Following the completion of the purchase, the chief executive officer now directly owns 633,097 shares in the company, valued at approximately $9,471,131.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director D Randolph Peeler bought 34,000 shares of National Vision stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $14.45 per share, for a total transaction of $491,300.00. Following the purchase, the director now owns 182,880 shares of the company’s stock, valued at $2,642,616. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On National Vision

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in shares of National Vision by 252.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,214 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of National Vision by 165,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock worth $104,000 after purchasing an additional 4,959 shares during the period. Headlands Technologies LLC acquired a new stake in shares of National Vision during the fourth quarter worth about $131,000. PNC Financial Services Group Inc. lifted its holdings in shares of National Vision by 56.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,669 shares of the company’s stock worth $140,000 after purchasing an additional 2,400 shares during the period. Finally, Olympiad Research LP acquired a new stake in shares of National Vision during the fourth quarter worth about $219,000.

About National Vision

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.