News headlines about Vera Bradley (NASDAQ:VRA) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vera Bradley earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 46.1870244641103 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
VRA has been the topic of a number of recent research reports. ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday. 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 target on Vera Bradley and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.40.
NASDAQ:VRA traded down $0.04 during trading hours on Friday, reaching $10.88. 189,420 shares of the company were exchanged, compared to its average volume of 364,979. The company has a market capitalization of $387.88, a P/E ratio of 18.13, a P/E/G ratio of 5.29 and a beta of 0.66. Vera Bradley has a 1-year low of $6.99 and a 1-year high of $12.83.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $132.00 million for the quarter, compared to the consensus estimate of $130.02 million. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. sell-side analysts predict that Vera Bradley will post 0.41 EPS for the current fiscal year.
In other Vera Bradley news, 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 sale was disclosed in a filing with the SEC, which is available at this link. 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 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.
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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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