National Vision (NASDAQ:EYE) Shares Gap Up - Time to Buy?

National Vision Holdings, Inc. (NASDAQ:EYE - Get Free Report) 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.

Analysts Set New Price Targets

EYE has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of National Vision from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Thursday. Morgan Stanley cut their price target on shares of National Vision from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.60.

National Vision Stock Up 2.7 %

The company's 50 day moving average price is $11.33 and its 200 day moving average price is $11.01. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -63.55, a P/E/G ratio of 3.27 and a beta of 1.44.

Institutional Investors Weigh In On National Vision

Several institutional investors and hedge funds have recently made changes to their positions in EYE. Burgundy Asset Management Ltd. lifted 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 buying an additional 2,715,582 shares during the period. Engine Capital Management LP lifted 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 valued at $26,342,000 after purchasing an additional 1,417,002 shares during the period. Boston Partners acquired a new position in National Vision during the fourth quarter valued at $12,594,000. SG Capital Management LLC acquired a new position in National Vision during the fourth quarter valued at $11,827,000. Finally, Arrowstreet Capital Limited Partnership lifted 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 valued at $24,053,000 after purchasing an additional 1,036,459 shares during the period.

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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.