Wells Fargo & Company Cuts National Vision (NASDAQ:EYE) Price Target to $12.00

National Vision (NASDAQ:EYE) had its target price trimmed by Wells Fargo & Company from $13.00 to $12.00 in a report released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

National Vision Stock Down 3.3 %

NASDAQ:EYE opened at $10.54 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. National Vision has a twelve month low of $9.56 and a twelve month high of $24.11. The company has a market cap of $830.03 million, a PE ratio of -52.70, a P/E/G ratio of 2.98 and a beta of 1.42. The company’s 50 day moving average is $11.32 and its two-hundred day moving average is $11.35.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating 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%. The business’s quarterly revenue 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. Analysts anticipate that National Vision will post 0.27 EPS for the current year.

Institutional Investors Weigh In On National Vision

A number of large investors have recently bought and sold shares of EYE. Meeder Asset Management Inc. purchased a new position in National Vision during the 2nd quarter worth approximately $32,000. KBC Group NV raised its holdings in shares of National Vision by 64.6% during the third quarter. KBC Group NV now owns 3,291 shares of the company’s stock worth $36,000 after purchasing an additional 1,292 shares during the last quarter. Quarry LP acquired a new position in National Vision during the third quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in National Vision in the third quarter valued at $45,000. Finally, GAMMA Investing LLC grew its position in National Vision by 309.2% during the 4th quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock worth $51,000 after purchasing an additional 3,707 shares during the period.

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.