Vera Bradley, Inc. (VRA) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Vera Bradley, Inc. (NASDAQ:VRA) from a sell rating to a hold rating in a report issued on Friday.
A number of other research analysts have also commented on VRA. FBR & Co set a $12.00 price objective on Vera Bradley and gave the company a buy rating in a report on Monday, August 28th. KeyCorp reissued a hold rating on shares of Vera Bradley in a report on Friday, August 25th. Zacks Investment Research raised Vera Bradley from a sell rating to a hold rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a hold rating and set a $10.00 price objective on shares of Vera Bradley in a report on Friday, July 14th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $11.83.
Vera Bradley (NASDAQ VRA) opened at 9.09 on Friday. Vera Bradley has a 52-week low of $7.70 and a 52-week high of $17.06. The firm has a market capitalization of $328.64 million, a price-to-earnings ratio of 24.97 and a beta of 0.90. The company’s 50-day moving average price is $9.71 and its 200 day moving average price is $9.26.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $112.42 million for the quarter, compared to analyst estimates of $111.72 million. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities research analysts predict that Vera Bradley will post $0.47 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Vera Bradley by 3.3% in the 2nd quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock valued at $4,390,000 after buying an additional 14,529 shares during the last quarter. AHL Partners LLP grew its holdings in Vera Bradley by 133.2% in the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after buying an additional 22,500 shares during the last quarter. Voya Investment Management LLC grew its holdings in Vera Bradley by 29.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after buying an additional 3,014 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vera Bradley by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after buying an additional 413,983 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Vera Bradley by 61.6% in the 2nd quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock valued at $4,264,000 after buying an additional 166,116 shares during the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.
About Vera Bradley
Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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