Shares of Vera Bradley, Inc. (NASDAQ:VRA) have earned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.00.
Several analysts have weighed in on VRA shares. Cowen set a $10.00 price target on Vera Bradley and gave the company a “hold” rating in a report on Wednesday, March 14th. BidaskClub cut Vera Bradley from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Zacks Investment Research cut Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Robert W. Baird set a $11.00 price target on Vera Bradley and gave the company a “hold” rating in a report on Wednesday, March 14th.
Shares of VRA stock traded down $0.04 during midday trading on Wednesday, reaching $10.19. The company’s stock had a trading volume of 175,577 shares, compared to its average volume of 372,709. Vera Bradley has a fifty-two week low of $6.99 and a fifty-two week high of $12.83. The company has a market cap of $362.99, a P/E ratio of 50.95, a P/E/G ratio of 4.96 and a beta of 0.69.
In related news, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the transaction, the director now directly owns 63,593 shares of the company’s stock, valued at approximately $618,759.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The disclosure for this sale can be found here. Company insiders own 39.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in Vera Bradley by 11.6% in the 2nd quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock worth $147,000 after purchasing an additional 1,556 shares during the period. Voya Investment Management LLC increased its stake in Vera Bradley by 29.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after purchasing an additional 3,014 shares during the period. Rhumbline Advisers increased its stake in Vera Bradley by 15.7% in the 4th quarter. Rhumbline Advisers now owns 47,479 shares of the textile maker’s stock worth $578,000 after purchasing an additional 6,444 shares during the period. Ameriprise Financial Inc. increased its stake in Vera Bradley by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 125,555 shares of the textile maker’s stock worth $1,106,000 after purchasing an additional 8,175 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Vera Bradley by 2.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,126 shares of the textile maker’s stock worth $4,143,000 after purchasing an additional 9,714 shares during the period. 62.58% of the stock is currently owned by institutional investors and hedge funds.
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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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