Vera Bradley (NASDAQ:VRA) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other equities research analysts also recently issued reports on VRA. Cowen reissued a “hold” rating and set a $12.00 price objective on shares of Vera Bradley in a research report on Thursday, December 7th. Robert W. Baird set a $11.00 price objective on shares of Vera Bradley and gave the stock a “hold” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.
Shares of Vera Bradley stock opened at $10.19 on Thursday. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.83. The stock has a market cap of $373.63, a price-to-earnings ratio of 50.95, a PEG ratio of 5.11 and a beta of 0.69.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, March 14th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The company had revenue of $132.00 million during the quarter, compared to the consensus estimate of $130.02 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. equities analysts anticipate that Vera Bradley will post 0.41 earnings per share for the current fiscal year.
In related news, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Monday, March 19th. The shares were sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the completion of the transaction, the director now directly owns 63,593 shares of the company’s stock, valued at approximately $618,759.89. The disclosure for this sale can be found here. 39.60% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Vera Bradley in the fourth quarter valued at $125,000. Jefferies Group LLC acquired a new stake in Vera Bradley in the fourth quarter valued at $158,000. Landscape Capital Management L.L.C. acquired a new stake in Vera Bradley in the fourth quarter valued at $160,000. Voya Investment Management LLC lifted its stake in Vera Bradley by 29.4% in the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Vera Bradley by 11.6% in the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock valued at $147,000 after acquiring an additional 1,556 shares during the last quarter. 62.58% of the stock is 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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