National Vision (NASDAQ:EYE) Shares Down 5.5% – Time to Sell?

National Vision Holdings, Inc. (NASDAQ:EYE)’s stock price was down 5.5% on Monday . The stock traded as low as $11.43 and last traded at $11.43. Approximately 350,481 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,445,925 shares. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

EYE has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Barclays reduced their target price on 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 reduced their target price on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

National Vision Stock Performance

The firm has a market capitalization of $885.94 million, a price-to-earnings ratio of -56.65, a PEG ratio of 3.01 and a beta of 1.41. The company has a fifty day moving average of $10.87 and a two-hundred day moving average of $11.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.37 and a current ratio of 0.57.

National Vision (NASDAQ:EYE) last released 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. The business had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $451.13 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS. As a group, equities research analysts predict that National Vision Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Vision

Institutional investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in National Vision during the 2nd quarter worth $30,000. Meeder Asset Management Inc. bought a new stake in shares of National Vision in the 2nd quarter valued at about $32,000. CWM LLC grew its position in shares of National Vision by 44.8% in the 2nd quarter. CWM LLC now owns 2,717 shares of the company’s stock valued at $36,000 after buying an additional 841 shares during the last quarter. KBC Group NV grew its position in shares of National Vision by 64.6% in the 3rd quarter. KBC Group NV now owns 3,291 shares of the company’s stock valued at $36,000 after buying an additional 1,292 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of National Vision in the 3rd quarter valued at about $43,000.

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.