Vera Bradley, Inc. (NASDAQ:VRA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
VRA has been the subject of several other research reports. Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC set a $10.00 price target on Vera Bradley and gave the company a “hold” rating in a report on Wednesday, May 31st. FBR & Co reissued an “outperform” rating and set a $12.00 price target on shares of Vera Bradley in a report on Tuesday, July 11th. Finally, KeyCorp reissued a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.60.
Shares of Vera Bradley (VRA) opened at 8.47 on Wednesday. The stock has a market cap of $306.22 million, a PE ratio of 23.27 and a beta of 0.90. Vera Bradley has a one year low of $7.70 and a one year high of $16.24. The company’s 50-day moving average price is $9.60 and its 200-day moving average price is $9.17.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $112.42 million during the quarter, compared to analyst estimates of $111.72 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Vera Bradley’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts anticipate that Vera Bradley will post $0.47 earnings per share for the current year.
In other news, major shareholder Michael C. Ray sold 237,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 120,712 shares in the company, valued at $993,459.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 40.90% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Vera Bradley in the first quarter valued at about $101,000. Teton Advisors Inc. purchased a new stake in shares of Vera Bradley in the second quarter worth about $102,000. Koch Industries Inc. purchased a new stake in shares of Vera Bradley in the first quarter worth about $112,000. LMR Partners LLP purchased a new stake in shares of Vera Bradley in the second quarter worth about $115,000. Finally, Wells Fargo & Company MN lifted its position in shares of Vera Bradley by 3.4% in the first 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 in the last quarter. Institutional investors and hedge funds own 60.63% 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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