Wells Fargo & Company Issues Pessimistic Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE) had its price target cut by equities research analysts at Wells Fargo & Company from $13.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 10.09% from the company’s current price.

National Vision Stock Performance

National Vision stock opened at $10.90 on Monday. National Vision has a 12-month low of $9.56 and a 12-month high of $24.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37. The company has a market capitalization of $858.38 million, a price-to-earnings ratio of -54.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.42. The firm’s fifty day moving average price is $11.30 and its 200 day moving average price is $11.36.

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

Institutional Trading of National Vision

A number of hedge funds and other institutional investors have recently made changes to their positions in EYE. GAMMA Investing LLC boosted its stake in National Vision by 309.2% during the 4th quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock valued at $51,000 after acquiring an additional 3,707 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of National Vision by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 32,708 shares of the company’s stock worth $357,000 after acquiring an additional 2,404 shares during the period. Geode Capital Management LLC lifted its position in National Vision by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,900,371 shares of the company’s stock valued at $20,737,000 after purchasing an additional 45,754 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in National Vision by 38.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,080 shares of the company’s stock valued at $514,000 after purchasing an additional 13,171 shares during the period. Finally, XTX Topco Ltd bought a new position in National Vision in the 3rd quarter worth about $403,000.

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.