Wells Fargo & Company Has Lowered Expectations for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE) had its target price reduced by analysts at Wells Fargo & Company from $13.00 to $12.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 10.09% from the stock’s previous close.

National Vision Price Performance

NASDAQ:EYE opened at $10.90 on Monday. The firm has a market cap 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. 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. The company’s 50-day moving average is $11.30 and its two-hundred day moving average 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 firm had revenue of $451.50 million for the quarter, compared to analyst estimates of $451.13 million. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. National Vision’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Research analysts expect that National Vision will post 0.27 EPS for the current year.

Institutional Trading of National Vision

Several institutional investors have recently made changes to their positions in EYE. Victory Capital Management Inc. increased its position in National Vision by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 58,035 shares of the company’s stock worth $760,000 after purchasing an additional 3,228 shares in the last quarter. Quest Partners LLC raised its stake in shares of National Vision by 37.5% in the 2nd quarter. Quest Partners LLC now owns 13,571 shares of the company’s stock valued at $178,000 after acquiring an additional 3,702 shares during the period. Headlands Technologies LLC lifted its holdings in shares of National Vision by 688.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,750 shares of the company’s stock valued at $115,000 after acquiring an additional 7,640 shares in the last quarter. American Century Companies Inc. boosted its position in National Vision by 21.5% during the 2nd quarter. American Century Companies Inc. now owns 110,628 shares of the company’s stock worth $1,448,000 after purchasing an additional 19,563 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in National Vision in the 2nd quarter valued at $32,000.

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.