Vera Bradley (VRA) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Vera Bradley (NASDAQ:VRA) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Several other research analysts have also weighed in on the company. BidaskClub raised Vera Bradley from a hold rating to a buy rating in a research report on Thursday, March 22nd. Cowen set a $10.00 price objective on Vera Bradley and gave the company a hold rating in a report on Wednesday, March 14th. Robert W. Baird set a $11.00 price objective on Vera Bradley and gave the company a hold rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research lowered Vera Bradley from a hold rating to a sell rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Vera Bradley has an average rating of Hold and a consensus target price of $10.40.

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Shares of VRA stock opened at $10.92 on Tuesday. Vera Bradley has a fifty-two week low of $6.99 and a fifty-two week high of $12.83. The stock has a market capitalization of $383.26, a price-to-earnings ratio of 17.98, a PEG ratio of 5.23 and a beta of 0.66.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $130.02 million. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. sell-side analysts anticipate that Vera Bradley will post 0.41 earnings per share for the current year.

In other Vera Bradley news, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,993,246.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,676,000.00. Following the completion of the sale, the director now directly owns 63,593 shares in the company, valued at approximately $618,759.89. The disclosure for this sale can be found here. Corporate insiders own 39.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in Vera Bradley in the 4th quarter valued at approximately $125,000. Jefferies Group LLC acquired a new stake in Vera Bradley in the 4th quarter valued at approximately $158,000. Landscape Capital Management L.L.C. acquired a new stake in Vera Bradley in the 4th quarter valued at approximately $160,000. Hartford Investment Management Co. acquired a new stake in Vera Bradley in the 3rd quarter valued at approximately $141,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Vera Bradley in the 4th quarter valued at approximately $201,000. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vera Bradley (NASDAQ:VRA)

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