Wells Fargo Raises PT to $24, Maintains Equal-Weight on National Vision.

Wells Fargo Raises PT to $24, Maintains Equal-Weight on National Vision.

Wells Fargo has boosted its price target for National Vision Holdings, Inc. (EYE) to $24, maintaining an equal-weight rating on the stock. The move comes amidst strong financial performance and strategic initiatives by the optical retailer.

In the second quarter of 2025, National Vision reported a 5.7% increase in net revenue to $510.3 million, marking the 9th consecutive quarter of positive growth. The company also achieved a 4.1% comparable store sales growth and a 5.5% Adjusted Comparable Store Sales Growth. Income from continuing operations reached $14.2 million, with diluted EPS of $0.18. Adjusted Operating Income increased 21.8% to $41.3 million, highlighting the company's transformation initiatives and cost reduction actions [1].

National Vision also announced a significant leadership transition, appointing Alex Wilkes as the new Chief Executive Officer, effective August 1, 2025. Wilkes brings extensive experience from his previous roles at CooperVision and EssilorLuxottica. The appointment reflects the board's confidence in Wilkes' industry track record and strategic mindset [2].

Wells Fargo's positive outlook on National Vision is supported by the company's strong cash generation and solid balance sheet. The optical retailer maintains $268.6 million of availability under its revolving credit facility, which supports its balanced capital allocation strategy. This includes opportunistic repurchases and note settlements aimed at driving growth and long-term shareholder value [3].

Additionally, National Vision has appointed VML as its agency of record, focusing on brand evolution and modernizing its marketing and omni-channel capabilities. The partnership aims to enhance customer experience and support the company's mission of making vision care accessible to everyone [4].

In conclusion, Wells Fargo's revised price target and equal-weight rating reflect the optical retailer's robust financial performance, strategic initiatives, and strong leadership. Investors should closely monitor National Vision's earnings releases and other developments to gauge the company's progress in its transformation journey.

References:
[1] https://www.stocktitan.net/news/EYE/
[2] https://www.stocktitan.net/news/EYE/
[3] https://www.stocktitan.net/news/EYE/
[4] https://www.stocktitan.net/news/EYE/