Vera Bradley (VRA) Stock Rating Reaffirmed by Telsey Advisory Group

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Telsey Advisory Group reiterated their market perform rating on shares of Vera Bradley (NASDAQ:VRA) in a research report released on Thursday. The brokerage currently has a $11.00 price target on the textile maker’s stock.

Other analysts have also recently issued research reports about the stock. TheStreet cut shares of Vera Bradley from a b- rating to a c rating in a research note on Thursday, December 13th. BidaskClub raised shares of Vera Bradley from a strong sell rating to a sell rating in a research note on Wednesday, December 5th. Finally, ValuEngine cut shares of Vera Bradley from a buy rating to a hold rating in a research note on Friday, November 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $15.00.

NASDAQ VRA traded down $0.09 during trading hours on Thursday, hitting $13.92. 18,200 shares of the company’s stock traded hands, compared to its average volume of 331,433. Vera Bradley has a 52-week low of $7.94 and a 52-week high of $17.38. The stock has a market cap of $387.58 million, a PE ratio of 23.08 and a beta of 0.69.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Vera Bradley had a net margin of 4.80% and a return on equity of 8.30%. The company had revenue of $118.20 million during the quarter, compared to analysts’ expectations of $116.34 million. During the same quarter in the prior year, the company earned $0.33 EPS. Vera Bradley’s revenue was down 10.5% compared to the same quarter last year. On average, research analysts anticipate that Vera Bradley will post 0.57 earnings per share for the current fiscal year.

In other news, insider Michael C. Ray sold 33,236 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $8.52, for a total value of $283,170.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Anne Marie Ray sold 14,189 shares of the stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $9.15, for a total transaction of $129,829.35. Following the transaction, the insider now directly owns 41,305 shares of the company’s stock, valued at approximately $377,940.75. The disclosure for this sale can be found here. In the last three months, insiders sold 308,889 shares of company stock valued at $2,962,895. Corporate insiders own 30.10% of the company’s stock.

Several large investors have recently bought and sold shares of VRA. Bank of America Corp DE grew its holdings in shares of Vera Bradley by 851.4% during the 2nd quarter. Bank of America Corp DE now owns 61,147 shares of the textile maker’s stock worth $859,000 after acquiring an additional 54,720 shares during the period. Northern Trust Corp grew its holdings in shares of Vera Bradley by 11.4% during the 2nd quarter. Northern Trust Corp now owns 269,660 shares of the textile maker’s stock worth $3,786,000 after acquiring an additional 27,581 shares during the period. First Trust Advisors LP purchased a new position in shares of Vera Bradley during the 3rd quarter worth approximately $504,000. Russell Investments Group Ltd. grew its holdings in shares of Vera Bradley by 20.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,087 shares of the textile maker’s stock worth $1,926,000 after acquiring an additional 21,346 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Vera Bradley by 14.6% during the 3rd quarter. Arizona State Retirement System now owns 31,535 shares of the textile maker’s stock worth $481,000 after acquiring an additional 4,025 shares during the period. 70.48% of the stock is owned by hedge funds and other institutional investors.

Vera Bradley Company Profile

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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