BidaskClub Lowers Vera Bradley, Inc. (VRA) to Sell
BidaskClub cut shares of Vera Bradley, Inc. (NASDAQ:VRA) from a hold rating to a sell rating in a research note published on Wednesday morning.
Several other equities research analysts also recently issued reports on the stock. Jefferies Group LLC reissued a hold rating and set a $10.00 price objective on shares of Vera Bradley in a research report on Friday, July 14th. FBR & Co set a $12.00 price objective on shares of Vera Bradley and gave the stock a buy rating in a research report on Monday, August 28th. KeyCorp reissued a hold rating on shares of Vera Bradley in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of Vera Bradley from a sell rating to a hold rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Vera Bradley presently has a consensus rating of Hold and an average target price of $10.80.
Vera Bradley (NASDAQ VRA) opened at 7.81 on Wednesday. The firm’s 50-day moving average is $8.64 and its 200 day moving average is $8.99. The stock has a market capitalization of $280.89 million, a PE ratio of 27.60 and a beta of 0.86. Vera Bradley has a 52-week low of $7.70 and a 52-week high of $15.86.
Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, August 30th. The textile maker reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The firm had revenue of $112.42 million during the quarter, compared to the consensus estimate of $111.72 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Vera Bradley will post $0.47 earnings per share for the current year.
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In other news, EVP Kimberly F. Colby sold 170,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the sale, the executive vice president now owns 21,655 shares in the company, valued at approximately $183,417.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Michael C. Ray sold 237,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $8.23, for a total transaction of $1,954,625.00. Following the sale, the insider now owns 120,712 shares of the company’s stock, valued at approximately $993,459.76. The disclosure for this sale can be found here. Company insiders own 39.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Teton Advisors Inc. acquired a new stake in shares of Vera Bradley during the 2nd quarter worth about $102,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Vera Bradley during the 1st quarter worth about $101,000. LMR Partners LLP acquired a new stake in shares of Vera Bradley during the 2nd quarter worth about $115,000. Voya Investment Management LLC lifted its stake in shares of Vera Bradley by 29.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after buying an additional 3,014 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Vera Bradley by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock worth $125,000 after buying an additional 444 shares during the last quarter. Institutional investors own 60.60% of the company’s stock.
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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