Citigroup Forecasts Strong Price Appreciation for National Vision (NASDAQ:EYE) Stock

National Vision (NASDAQ:EYE) had its target price raised by investment analysts at Citigroup from $12.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 6.91% from the stock’s current price.

Several other brokerages also recently commented on EYE. Barclays raised their target price on shares of National Vision from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price objective on shares of National Vision from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley reduced their target price on shares of National Vision from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

National Vision Stock Up 3.8 %

Shares of National Vision stock opened at $12.16 on Friday. 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 market capitalization of $958.00 million, a P/E ratio of -60.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.51. The business has a 50-day moving average of $11.46 and a two-hundred day moving average of $11.06.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. lifted its position in National Vision by 138.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company’s stock worth $48,719,000 after buying an additional 2,715,582 shares in the last quarter. Engine Capital Management LP raised its holdings in National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company’s stock worth $26,342,000 after acquiring an additional 1,417,002 shares in the last quarter. Boston Partners acquired a new position in National Vision during the fourth quarter valued at approximately $12,594,000. SG Capital Management LLC bought a new position in National Vision in the fourth quarter valued at approximately $11,827,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of National Vision by 81.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,308,375 shares of the company’s stock worth $24,053,000 after purchasing an additional 1,036,459 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.