Wunderlich restated their buy rating on shares of Vera Bradley, Inc. (NASDAQ:VRA) in a research note issued to investors on Saturday. They currently have a $11.00 price target on the textile maker’s stock.

VRA has been the subject of several other research reports. Zacks Investment Research raised Vera Bradley from a sell rating to a hold rating in a research report on Thursday, February 23rd. Cowen and Company reaffirmed a market perform rating and issued a $9.00 price target (down previously from $14.00) on shares of Vera Bradley in a report on Saturday, March 11th. Finally, Telsey Advisory Group cut their price target on Vera Bradley from $19.00 to $15.00 and set a market perform rating for the company in a report on Thursday, December 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $13.00.

Shares of Vera Bradley (NASDAQ:VRA) traded down 2.06% during midday trading on Friday, reaching $9.05. 192,175 shares of the company’s stock traded hands. Vera Bradley has a 52 week low of $8.40 and a 52 week high of $18.27. The stock’s 50 day moving average is $9.06 and its 200-day moving average is $11.84. The company has a market capitalization of $327.43 million, a PE ratio of 17.08 and a beta of 0.96.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, March 8th. The textile maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Vera Bradley had a return on equity of 11.15% and a net margin of 6.34%. The business earned $134.80 million during the quarter, compared to analysts’ expectations of $137.34 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue was down 12.5% compared to the same quarter last year. On average, analysts forecast that Vera Bradley will post $0.44 earnings per share for the current fiscal year.

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In related news, major shareholder Michael C. Ray sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $9.25, for a total transaction of $323,750.00. Following the sale, the insider now directly owns 234,632 shares in the company, valued at approximately $2,170,346. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Michael C. Ray sold 40,000 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $9.32, for a total value of $372,800.00. Following the completion of the transaction, the insider now owns 222,362 shares in the company, valued at $2,072,413.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,410 shares of company stock worth $1,752,002. 40.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new position in shares of Vera Bradley during the fourth quarter worth approximately $123,000. New York State Teachers Retirement System increased its position in shares of Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock worth $143,000 after buying an additional 100 shares during the period. First Trust Advisors LP acquired a new position in shares of Vera Bradley during the third quarter worth about $161,000. Tudor Investment Corp Et Al acquired a new position in shares of Vera Bradley during the fourth quarter worth about $162,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Vera Bradley during the third quarter worth about $176,000. 55.55% of the stock is currently owned by institutional investors.

About Vera Bradley

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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