Robert W. Baird set a $11.00 price objective on Vera Bradley (NASDAQ:VRA) in a report issued on Wednesday, March 14th. The brokerage currently has a hold rating on the textile maker’s stock.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Vera Bradley from a hold rating to a sell rating in a research report on Wednesday, February 21st. Cowen reissued a hold rating and set a $12.00 price target on shares of Vera Bradley in a research report on Thursday, December 7th. Finally, BidaskClub raised Vera Bradley from a strong sell rating to a sell rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $10.40.
Shares of VRA traded down $0.04 during trading hours on Wednesday, hitting $10.88. 189,420 shares of the stock traded hands, compared to its average volume of 364,979. The firm has a market capitalization of $386.46, a PE ratio of 18.13, a price-to-earnings-growth ratio of 5.28 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 released its quarterly earnings data on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $132.00 million during 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 revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. equities analysts predict that Vera Bradley will post 0.41 EPS for the current fiscal year.
In other news, Director Robert J. Hall sold 1,200,000 shares of Vera Bradley stock in a transaction on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,676,000.00. Following the transaction, the director now owns 63,593 shares in the company, valued at approximately $618,759.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of Vera Bradley 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 disclosure for this sale can be found here. 39.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its holdings in shares of Vera Bradley by 0.4% during the 2nd quarter. Teachers Advisors LLC now owns 36,670 shares of the textile maker’s stock valued at $359,000 after acquiring an additional 161 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 buying an additional 1,556 shares during the period. Voya Investment Management LLC lifted its holdings in 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 buying an additional 3,014 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Vera Bradley by 5.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,814 shares of the textile maker’s stock worth $849,000 after buying an additional 4,812 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Vera Bradley by 15.7% during the 4th quarter. Rhumbline Advisers now owns 47,479 shares of the textile maker’s stock worth $578,000 after buying an additional 6,444 shares during the period. 62.58% of the stock is currently owned by institutional investors.
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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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