Shares of Vera Bradley, Inc. (NASDAQ:VRA) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.50.
VRA has been the subject of a number of recent research reports. Robert W. Baird set a $11.00 price objective on shares of Vera Bradley and gave the stock a “hold” rating in a report on Thursday, December 7th. BidaskClub lowered shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a report on Thursday, December 7th. Finally, B. Riley restated a “buy” rating on shares of Vera Bradley in a report on Wednesday, November 1st.
In other news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total value of $151,560.36. Following the completion of the sale, the insider now directly owns 32,605 shares in the company, valued at approximately $402,019.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.60% of the company’s stock.
Shares of Vera Bradley (NASDAQ VRA) traded down $0.23 during trading on Friday, reaching $10.00. 229,694 shares of the company’s stock traded hands, compared to its average volume of 286,790. Vera Bradley has a twelve month low of $6.99 and a twelve month high of $12.83. The company has a market capitalization of $358.73, a price-to-earnings ratio of 200.00, a PEG ratio of 2.35 and a beta of 0.83.
Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The business had revenue of $114.10 million during the quarter, compared to analyst estimates of $114.55 million. During the same period in the previous year, the business posted $0.20 earnings per share. Vera Bradley’s revenue for the quarter was down 9.9% on a year-over-year basis. analysts expect that Vera Bradley will post 0.58 EPS for the current fiscal year.
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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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