Wells Fargo & Company Issues Positive Forecast for National Vision (NASDAQ:EYE) Stock Price

National Vision (NASDAQ:EYE) had its price target lifted by stock analysts at Wells Fargo & Company from $12.00 to $13.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 2.28% from the stock’s previous close.

Separately, Morgan Stanley reduced their price objective on National Vision from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.60.

National Vision Stock Performance

Shares of NASDAQ EYE opened at $12.71 on Thursday. The stock has a market capitalization of $1.00 billion, a P/E ratio of -63.55, a P/E/G ratio of 3.27 and a beta of 1.44. The firm’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $10.99. National Vision has a 52-week low of $9.56 and a 52-week high of $24.11. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On National Vision

A number of hedge funds have recently made changes to their positions in EYE. Stoneridge Investment Partners LLC raised its stake in National Vision by 15.3% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 15,036 shares of the company’s stock valued at $164,000 after acquiring an additional 2,000 shares in the last quarter. Olympiad Research LP acquired a new position in shares of National Vision during the third quarter valued at $318,000. Crossmark Global Holdings Inc. bought a new stake in shares of National Vision during the third quarter valued at about $301,000. GSA Capital Partners LLP lifted its holdings in National Vision by 6.3% in the third quarter. GSA Capital Partners LLP now owns 21,404 shares of the company’s stock worth $234,000 after purchasing an additional 1,273 shares during the period. Finally, Victory Capital Management Inc. grew its position in National Vision by 19.2% in the 3rd quarter. Victory Capital Management Inc. now owns 69,206 shares of the company’s stock valued at $755,000 after buying an additional 11,171 shares in the last quarter.

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.