National Vision (NASDAQ:EYE) Shares Up 5% - Still a Buy?

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) shares were up 5% during trading on Monday . The company traded as high as $11.56 and last traded at $11.56. Approximately 209,009 shares traded hands during trading, a decline of 85% from the average daily volume of 1,432,328 shares. The stock had previously closed at $11.01.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EYE. UBS Group dropped their price target on National Vision from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on shares of National Vision from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Finally, Barclays decreased their price target on shares of National Vision from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.25.

National Vision Stock Up 5.6 %

The business has a 50-day moving average price of $10.34 and a 200-day moving average price of $12.76. The firm has a market cap of $914.58 million, a P/E ratio of -11.34, a P/E/G ratio of 2.28 and a beta of 1.42. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The firm had revenue of $451.70 million for the quarter, compared to the consensus estimate of $451.35 million. During the same period last year, the firm earned $0.11 earnings per share. The company's quarterly revenue was down 14.0% on a year-over-year basis. On average, equities analysts forecast that National Vision Holdings, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On National Vision

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its holdings in shares of National Vision by 115.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company's stock valued at $32,453,000 after purchasing an additional 1,330,023 shares during the last quarter. Marshall Wace LLP boosted its holdings in National Vision by 85.6% in the second quarter. Marshall Wace LLP now owns 1,761,767 shares of the company's stock worth $23,062,000 after acquiring an additional 812,513 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Vision by 28.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company's stock worth $38,952,000 after acquiring an additional 656,656 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of National Vision by 3,645.8% during the third quarter. Assenagon Asset Management S.A. now owns 609,701 shares of the company's stock valued at $6,652,000 after acquiring an additional 593,424 shares in the last quarter. Finally, Wolf Hill Capital Management LP raised its position in shares of National Vision by 30.1% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,595,323 shares of the company's stock valued at $35,352,000 after purchasing an additional 368,750 shares during the last quarter.

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.