Vera Bradley (VRA) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of Vera Bradley (NASDAQ:VRA) from a sell rating to a hold rating in a research report released on Saturday.

Several other analysts also recently commented on the stock. TheStreet downgraded shares of Vera Bradley from a b- rating to a c rating in a report on Thursday, December 13th. Telsey Advisory Group reiterated a market perform rating and issued a $11.00 price objective (down from $14.00) on shares of Vera Bradley in a report on Thursday, December 13th. Finally, ValuEngine downgraded shares of Vera Bradley from a buy rating to a hold rating in a report on Friday, November 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $12.75.

Vera Bradley stock traded up $0.17 during midday trading on Friday, hitting $9.72. 269,574 shares of the stock were exchanged, compared to its average volume of 338,855. Vera Bradley has a 52 week low of $7.94 and a 52 week high of $17.38. The firm has a market capitalization of $336.96 million, a price-to-earnings ratio of 14.51 and a beta of 0.69.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, December 12th. The textile maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Vera Bradley had a return on equity of 8.30% and a net margin of 4.80%. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $101.68 million. During the same period in the previous year, the business earned $0.23 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. As a group, research analysts anticipate that Vera Bradley will post 0.57 EPS for the current fiscal year.

In related news, insider Michael C. Ray sold 33,236 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $13.26, for a total transaction of $440,709.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Wallstrom bought 8,770 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average price of $8.52 per share, for a total transaction of $74,720.40. Following the completion of the acquisition, the insider now owns 223,654 shares of the company’s stock, valued at approximately $1,905,532.08. The disclosure for this purchase can be found here. Insiders sold 206,318 shares of company stock worth $2,165,442 over the last quarter. 30.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. acquired a new position in Vera Bradley during the fourth quarter worth $3,340,000. Meeder Asset Management Inc. increased its holdings in Vera Bradley by 1,430.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,962 shares of the textile maker’s stock worth $60,000 after buying an additional 6,507 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Vera Bradley during the third quarter worth $841,000. Marshall Wace LLP acquired a new position in Vera Bradley during the third quarter worth $503,000. Finally, Legal & General Group Plc increased its holdings in Vera Bradley by 22.4% during the third quarter. Legal & General Group Plc now owns 46,487 shares of the textile maker’s stock worth $714,000 after buying an additional 8,522 shares during the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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