Wells Fargo & Company Cuts National Vision (NASDAQ:EYE) Price Target to $12.00

National Vision (NASDAQ:EYE) had its price objective decreased by stock analysts at Wells Fargo & Company from $13.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.29% from the company’s previous close.

National Vision Price Performance

Shares of NASDAQ:EYE opened at $10.88 on Monday. The business has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $11.39. National Vision has a 52 week low of $9.56 and a 52 week high of $24.11. The company has a market cap of $856.80 million, a P/E ratio of -54.40, a P/E/G ratio of 3.10 and a beta of 1.42. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $451.13 million. During the same period in the prior year, the firm posted $0.09 EPS. The company’s revenue was down 15.2% on a year-over-year basis. Equities research analysts forecast that National Vision will post 0.27 EPS for the current year.

Hedge Funds Weigh In On National Vision

Several large investors have recently modified their holdings of EYE. Victory Capital Management Inc. boosted its stake in National Vision by 5.9% in the second quarter. Victory Capital Management Inc. now owns 58,035 shares of the company’s stock valued at $760,000 after acquiring an additional 3,228 shares during the period. Quest Partners LLC grew its stake in National Vision by 37.5% during the 2nd quarter. Quest Partners LLC now owns 13,571 shares of the company’s stock worth $178,000 after buying an additional 3,702 shares during the last quarter. Headlands Technologies LLC increased its stake in National Vision by 688.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after buying an additional 7,640 shares during the period. American Century Companies Inc. raised its position in shares of National Vision by 21.5% during the 2nd quarter. American Century Companies Inc. now owns 110,628 shares of the company’s stock worth $1,448,000 after buying an additional 19,563 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the 2nd quarter worth approximately $32,000.

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.