Vera Bradley (NASDAQ:VRA) has been given a $10.00 price target by equities researchers at Cowen in a note issued to investors on Wednesday, March 14th. The firm presently has a “hold” rating on the textile maker’s stock. Cowen’s price target would suggest a potential downside of 8.09% from the stock’s current price.
A number of other research firms also recently commented on VRA. BidaskClub downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Robert W. Baird set a $11.00 target price 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 assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.40.
Shares of NASDAQ VRA opened at $10.88 on Wednesday. Vera Bradley has a fifty-two week low of $6.99 and a fifty-two week high of $12.83. The stock has a market cap of $383.26, a PE ratio of 18.13, a price-to-earnings-growth ratio of 5.23 and a beta of 0.66.
Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $130.02 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was down 2.1% on a year-over-year basis. research analysts forecast 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 stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Hall sold 1,200,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now 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.
Institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in Vera Bradley in the 4th quarter valued at approximately $125,000. Jefferies Group LLC bought a new position in Vera Bradley during the 4th quarter valued at $158,000. Landscape Capital Management L.L.C. bought a new stake in shares of Vera Bradley during the 4th quarter worth $160,000. Voya Investment Management LLC boosted its stake in shares of Vera Bradley by 29.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after acquiring an additional 3,014 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Vera Bradley by 11.6% during the 2nd quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock worth $147,000 after acquiring an additional 1,556 shares in the last quarter. Hedge funds and other institutional investors own 62.58% of the company’s stock.
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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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