BidaskClub lowered shares of Vera Bradley (NASDAQ:VRA) from a strong-buy rating to a buy rating in a research note published on Friday morning.

VRA has been the subject of several other reports. Zacks Investment Research upgraded shares of Vera Bradley from a hold rating to a buy rating and set a $16.00 target price for the company in a research note on Saturday, March 16th. Telsey Advisory Group reiterated a market perform rating and issued a $11.00 target price on shares of Vera Bradley in a research note on Thursday, March 14th. ValuEngine upgraded shares of Vera Bradley from a sell rating to a hold rating in a research note on Wednesday, December 19th. Finally, TheStreet cut shares of Vera Bradley from a b- rating to a c rating in a research note on Thursday, December 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Vera Bradley presently has a consensus rating of Buy and a consensus price target of $13.50.

VRA stock opened at $12.38 on Friday. The firm has a market capitalization of $429.18 million, a PE ratio of 20.98 and a beta of 0.69. The company has a current ratio of 5.80, a quick ratio of 3.69 and a debt-to-equity ratio of 0.08. Vera Bradley has a 12 month low of $7.94 and a 12 month high of $17.38.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Vera Bradley had a net margin of 4.99% and a return on equity of 7.15%. The firm had revenue of $118.20 million during the quarter, compared to analysts’ expectations of $116.34 million. During the same period in the previous year, the business posted $0.33 EPS. The business’s revenue was down 10.5% compared to the same quarter last year. On average, research analysts expect that Vera Bradley will post 0.69 EPS for the current fiscal year.

In related news, major shareholder Michael C. Ray sold 2,429 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.55, for a total value of $32,912.95. Following the completion of the transaction, the insider now directly owns 21,873 shares in the company, valued at approximately $296,379.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Anne Marie Ray sold 14,189 shares of the business’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $9.15, for a total transaction of $129,829.35. Following the completion of the transaction, the insider now owns 41,305 shares of the company’s stock, valued at $377,940.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 292,271 shares of company stock valued at $2,976,411. Company insiders own 30.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Vera Bradley by 1.6% during the fourth quarter. BlackRock Inc. now owns 3,303,722 shares of the textile maker’s stock worth $28,313,000 after acquiring an additional 52,306 shares during the period. Dimensional Fund Advisors LP raised its position in Vera Bradley by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,997,485 shares of the textile maker’s stock worth $45,742,000 after acquiring an additional 20,400 shares during the period. AQR Capital Management LLC raised its position in Vera Bradley by 23.6% during the third quarter. AQR Capital Management LLC now owns 1,162,348 shares of the textile maker’s stock worth $17,737,000 after acquiring an additional 221,793 shares during the period. Acadian Asset Management LLC raised its position in Vera Bradley by 44.9% during the fourth quarter. Acadian Asset Management LLC now owns 841,272 shares of the textile maker’s stock worth $7,209,000 after acquiring an additional 260,532 shares during the period. Finally, Millennium Management LLC raised its position in Vera Bradley by 41.9% during the fourth quarter. Millennium Management LLC now owns 781,190 shares of the textile maker’s stock worth $6,695,000 after acquiring an additional 230,511 shares during the period. Institutional investors own 70.48% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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