Morgan Stanley Lowers National Vision (NASDAQ:EYE) Price Target to $13.00

National Vision (NASDAQ:EYE) had its target price lowered by equities research analysts at Morgan Stanley from $14.00 to $13.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 14.69% from the company’s current price.

Separately, Wells Fargo & Company dropped their price target on shares of National Vision from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.40.

National Vision Stock Up 5.0 %

NASDAQ EYE traded up $0.54 during mid-day trading on Tuesday, reaching $11.34. The stock had a trading volume of 624,860 shares, compared to its average volume of 1,345,172. The stock has a market cap of $892.63 million, a PE ratio of -56.67, a price-to-earnings-growth ratio of 3.13 and a beta of 1.42. National Vision has a 1 year low of $9.56 and a 1 year 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 fifty day moving average price of $11.19 and a 200 day moving average price of $11.22.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $451.13 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. On average, research analysts expect that National Vision will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EYE. KBC Group NV grew its stake in shares of National Vision by 64.6% during the 3rd quarter. KBC Group NV now owns 3,291 shares of the company’s stock valued at $36,000 after purchasing an additional 1,292 shares during the period. Quarry LP bought a new stake in National Vision during the third quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in National Vision during the third quarter valued at approximately $45,000. GAMMA Investing LLC raised its position in National Vision by 309.2% in the fourth quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock worth $51,000 after acquiring an additional 3,707 shares during the period. Finally, CWM LLC boosted its stake in shares of National Vision by 197.7% during the 3rd quarter. CWM LLC now owns 8,089 shares of the company’s stock worth $88,000 after acquiring an additional 5,372 shares during 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.