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 research note published on Thursday.
A number of other equities research analysts also recently weighed in on VRA. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the company a buy rating in a research note on Monday, August 28th. KeyCorp reiterated a hold rating on shares of Vera Bradley in a research report on Friday, August 25th. Zacks Investment Research raised shares of Vera Bradley from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a hold rating and issued a $10.00 price target on shares of Vera Bradley in a research note on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $10.60.
Vera Bradley (NASDAQ VRA) opened at 8.81 on Thursday. The company’s 50-day moving average is $9.37 and its 200-day moving average is $9.09. Vera Bradley has a 52-week low of $7.70 and a 52-week high of $16.19. The firm has a market capitalization of $316.85 million, a PE ratio of 31.13 and a beta of 0.86.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The firm had revenue of $112.42 million during the quarter, compared to the consensus estimate of $111.72 million. During the same quarter last year, the company posted $0.17 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts forecast that Vera Bradley will post $0.47 EPS for the current fiscal year.
In related news, major shareholder Michael C. Ray sold 237,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $8.23, for a total value of $1,954,625.00. Following the completion of the sale, the insider now owns 120,712 shares in the company, valued at approximately $993,459.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new stake in Vera Bradley in the first quarter worth $101,000. Teton Advisors Inc. purchased a new stake in Vera Bradley during the second quarter valued at about $102,000. Koch Industries Inc. purchased a new stake in Vera Bradley during the first quarter valued at about $112,000. LMR Partners LLP purchased a new stake in Vera Bradley during the second quarter valued at about $115,000. Finally, Wells Fargo & Company MN boosted its position in Vera Bradley by 3.4% during the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares during the period. Institutional investors own 60.60% of the company’s stock.
Vera Bradley Company Profile
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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