Robert W. Baird set a $11.00 price objective on Vera Bradley (NASDAQ:VRA) in a research report report published on Wednesday, March 14th. The brokerage currently has a hold rating on the textile maker’s stock.
Several other equities research analysts have also recently commented on the company. BidaskClub cut Vera Bradley from a hold rating to a sell rating in a report on Thursday, January 11th. Cowen reaffirmed a hold rating and issued a $12.00 price target on shares of Vera Bradley in a report on Thursday, December 7th. Finally, Zacks Investment Research cut Vera Bradley from a hold rating to a sell rating in a report on Wednesday, February 21st. One equities 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’s stock. Vera Bradley presently has a consensus rating of Hold and a consensus target price of $10.50.
Vera Bradley (NASDAQ:VRA) opened at $10.19 on Wednesday. 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 capitalization of $362.99, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 4.96 and a beta of 0.69.
Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The business had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $130.02 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. research analysts anticipate that Vera Bradley will post 0.41 earnings per share for the current fiscal year.
In other Vera Bradley news, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 63,593 shares of the company’s stock, valued at $618,759.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. 39.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in shares of Vera Bradley during the fourth quarter worth $125,000. Jefferies Group LLC purchased a new position in shares of Vera Bradley during the fourth quarter worth $158,000. Landscape Capital Management L.L.C. purchased a new position in shares of Vera Bradley during the fourth quarter worth $160,000. Voya Investment Management LLC boosted its position in shares of Vera Bradley by 29.4% during the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after buying an additional 3,014 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Vera Bradley by 11.6% during the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock worth $147,000 after buying an additional 1,556 shares during the period. 62.58% of the stock is owned by institutional investors.
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About Vera Bradley
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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