National Vision (NASDAQ:EYE) Given New $12.00 Price Target at Wells Fargo & Company

National Vision (NASDAQ:EYE - Free Report) had its target price lowered by Wells Fargo & Company from $13.00 to $12.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

National Vision Stock Up 1.6 %

EYE stock traded up $0.17 during midday trading on Monday, hitting $11.05. The company's stock had a trading volume of 1,466,175 shares, compared to its average volume of 1,313,258. The company has a market cap of $870.19 million, a PE ratio of -55.25, a P/E/G ratio of 3.10 and a beta of 1.42. The firm's 50-day moving average is $11.30 and its 200-day moving average is $11.36. National Vision has a 12 month low of $9.56 and a 12 month high of $24.11. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30.

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

Hedge Funds Weigh In On National Vision

A number of institutional investors and hedge funds have recently modified their holdings of EYE. D. E. Shaw & Co. Inc. lifted its holdings in National Vision by 115.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company's stock valued at $32,453,000 after acquiring an additional 1,330,023 shares during the period. Marshall Wace LLP lifted its stake in shares of National Vision by 85.6% in the 2nd quarter. Marshall Wace LLP now owns 1,761,767 shares of the company's stock worth $23,062,000 after purchasing an additional 812,513 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of National Vision by 28.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company's stock worth $38,952,000 after buying an additional 656,656 shares during the last quarter. Assenagon Asset Management S.A. grew its position in 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 buying an additional 593,424 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in National Vision during the third quarter valued at approximately $2,858,000.

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.