Shares of Vera Bradley Inc. (NASDAQ:VRA) have earned an average rating of “Hold” from the eight brokerages that are currently covering the firm. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.60.

VRA has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Wunderlich reduced their target price on shares of Vera Bradley from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Cowen and Company restated a “market perform” rating and set a $18.00 target price on shares of Vera Bradley in a report on Sunday, September 4th. Robert W. Baird restated a “neutral” rating and set a $18.00 target price on shares of Vera Bradley in a report on Sunday, September 4th. Finally, KeyCorp restated a “hold” rating on shares of Vera Bradley in a report on Thursday, October 6th.

Shares of Vera Bradley (NASDAQ:VRA) traded up 0.84% during trading on Friday, hitting $15.56. The company’s stock had a trading volume of 41,493 shares. The firm’s 50 day moving average price is $14.17 and its 200-day moving average price is $14.84. The company has a market cap of $569.26 million, a PE ratio of 17.54 and a beta of 1.06. Vera Bradley has a 52 week low of $11.10 and a 52 week high of $20.69.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Thursday, September 1st. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The business had revenue of $119.20 million for the quarter. Vera Bradley had a net margin of 6.63% and a return on equity of 12.34%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, analysts predict that Vera Bradley will post $0.90 earnings per share for the current year.

In other news, major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.71, for a total value of $25,136.00. Following the completion of the sale, the insider now owns 282,262 shares of the company’s stock, valued at approximately $4,434,336.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Michael C. Ray sold 32,400 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $14.92, for a total transaction of $483,408.00. Following the completion of the sale, the insider now directly owns 269,462 shares of the company’s stock, valued at approximately $4,020,373.04. The disclosure for this sale can be found here. 40.90% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Park West Asset Management LLC bought a new stake in Vera Bradley during the third quarter valued at $3,337,000. D. E. Shaw & Co. Inc. raised its stake in Vera Bradley by 3.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 335,920 shares of the company’s stock valued at $5,089,000 after buying an additional 11,242 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Vera Bradley during the third quarter valued at $225,000. Two Sigma Advisers LP raised its stake in Vera Bradley by 32.7% in the third quarter. Two Sigma Advisers LP now owns 159,066 shares of the company’s stock valued at $2,410,000 after buying an additional 39,200 shares during the period. Finally, SECOR Capital Advisors LP acquired a new stake in Vera Bradley during the third quarter valued at $316,000. 54.11% of the stock is owned by institutional investors.

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Vera Bradley Company Profile

Vera Bradley, Inc is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.

5 Day Chart for NASDAQ:VRA

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