A number of other brokerages have also recently commented on VRA. Zacks Investment Research raised Vera Bradley from a sell rating to a hold rating in a research note on Wednesday, June 8th. Wunderlich decreased their price target on Vera Bradley from $24.00 to $20.00 and set a buy rating on the stock in a research note on Thursday, August 11th. Cowen and Company reaffirmed a market perform rating and issued a $18.00 price target on shares of Vera Bradley in a research note on Sunday, September 4th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $18.00 price target on shares of Vera Bradley in a research note on Sunday, September 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Vera Bradley currently has a consensus rating of Hold and an average target price of $18.75.
Shares of Vera Bradley (NASDAQ:VRA) opened at 14.54 on Thursday. The company has a market cap of $531.95 million, a PE ratio of 16.39 and a beta of 1.28. Vera Bradley has a 12 month low of $10.41 and a 12 month high of $20.69. The stock has a 50 day moving average of $15.55 and a 200-day moving average of $15.69.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $119.20 million for the quarter. Vera Bradley had a return on equity of 12.34% and a net margin of 6.63%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Equities analysts forecast that Vera Bradley will post $0.90 earnings per share for the current year.
In other Vera Bradley news, major shareholder Michael C. Ray sold 10,800 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $15.97, for a total value of $172,476.00. Following the sale, the insider now directly owns 285,462 shares of the company’s stock, valued at $4,558,828.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.71, for a total value of $25,136.00. Following the completion of the sale, the insider now directly owns 282,262 shares in the company, valued at $4,434,336.02. The disclosure for this sale can be found here. Corporate insiders own 40.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Vera Bradley by 143.6% in the first quarter. BlackRock Fund Advisors now owns 1,349,293 shares of the company’s stock valued at $27,445,000 after buying an additional 795,475 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Vera Bradley by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,200 shares of the company’s stock valued at $102,000 after buying an additional 700 shares during the period. Bogle Investment Management L P DE acquired a new position in shares of Vera Bradley during the first quarter worth about $5,451,000. Strs Ohio acquired a new position in shares of Vera Bradley during the second quarter worth about $478,000. Finally, AXA acquired a new position in shares of Vera Bradley during the first quarter worth about $1,534,000. 55.34% of the stock is currently owned by institutional investors and hedge funds.
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.
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