Citigroup Issues Positive Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE - Get Free Report) had its target price increased by Citigroup from $12.00 to $13.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target would indicate a potential upside of 6.91% from the stock's previous close.

Several other equities research analysts have also commented on EYE. Morgan Stanley reduced their price objective on 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. Barclays increased their price target on shares of National Vision from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company increased their price objective on shares of National Vision from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $14.00.

National Vision Price Performance

NASDAQ EYE traded up $0.44 during trading hours on Friday, reaching $12.16. 1,993,093 shares of the stock traded hands, compared to its average volume of 1,507,243. The company has a market cap of $958.00 million, a price-to-earnings ratio of -60.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.51. The stock has a 50 day simple moving average of $11.46 and a two-hundred day simple moving average of $11.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. National Vision has a 1 year low of $9.56 and a 1 year high of $24.11.

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Institutional Trading of National Vision

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of National Vision by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,411,838 shares of the company's stock worth $108,491,000 after purchasing an additional 167,735 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of National Vision by 138.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock worth $48,719,000 after purchasing an additional 2,715,582 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in National Vision by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,702,371 shares of the company's stock worth $38,577,000 after acquiring an additional 30,235 shares during the last quarter. Engine Capital Management LP boosted its position in National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after acquiring an additional 1,417,002 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in National Vision by 81.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company's stock worth $24,053,000 after acquiring an additional 1,036,459 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.