National Vision (NASDAQ:EYE) Sets New 1-Year Low at $10.16

National Vision Holdings, Inc. (NASDAQ:EYE) shares hit a new 52-week low on Thursday . The stock traded as low as $10.16 and last traded at $10.24, with a volume of 1136096 shares trading hands. The stock had previously closed at $10.58.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EYE shares. The Goldman Sachs Group lowered their target price on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Barclays lowered their target price on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.25.

National Vision Stock Up 2.6 %

The firm has a market capitalization of $825.68 million, a price-to-earnings ratio of -11.42, a P/E/G ratio of 2.87 and a beta of 1.44. The company’s 50 day moving average price is $12.51 and its 200 day moving average price is $16.71. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.53.

National Vision (NASDAQ:EYE) last posted its earnings results 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. The company had revenue of $451.70 million during the quarter, compared to the consensus estimate of $451.35 million. National Vision had a negative net margin of 3.44% and a positive return on equity of 3.47%. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that National Vision Holdings, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of National Vision by 0.3% during the first quarter. Vanguard Group Inc. now owns 8,908,511 shares of the company’s stock worth $197,413,000 after purchasing an additional 25,982 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of National Vision by 4.2% during the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock worth $99,980,000 after purchasing an additional 182,504 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of National Vision during the fourth quarter worth about $69,274,000. Dimensional Fund Advisors LP increased 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 purchasing an additional 656,656 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of National Vision by 115.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock worth $32,453,000 after purchasing an additional 1,330,023 shares in 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.