Vera Bradley (VRA) Reaches New 12-Month High at $15.43

Vera Bradley, Inc. (NASDAQ:VRA) reached a new 52-week high on Monday . The stock traded as high as $15.43 and last traded at $15.24, with a volume of 29635 shares trading hands. The stock had previously closed at $14.78.

VRA has been the topic of several research reports. Zacks Investment Research lowered Vera Bradley from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. BidaskClub upgraded Vera Bradley from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Cowen set a $10.00 price target on Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, March 14th. Finally, Telsey Advisory Group lifted their price target on Vera Bradley from $11.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, June 7th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.50.

The company has a market cap of $525.29 million, a PE ratio of 24.57, a price-to-earnings-growth ratio of 6.27 and a beta of 0.65.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, June 6th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $86.60 million during the quarter, compared to analysts’ expectations of $86.21 million. Vera Bradley had a return on equity of 8.27% and a net margin of 2.18%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. equities analysts anticipate that Vera Bradley, Inc. will post 0.47 earnings per share for the current year.

In other Vera Bradley news, major shareholder Michael C. Ray sold 2,429 shares of Vera Bradley stock in a transaction on Monday, June 11th. The stock was sold at an average price of $14.09, for a total transaction of $34,224.61. Following the completion of the transaction, the insider now owns 109,317 shares in the company, valued at $1,540,276.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.10% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Vera Bradley by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,986,249 shares of the textile maker’s stock worth $31,684,000 after purchasing an additional 214,334 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Vera Bradley by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,782,500 shares of the textile maker’s stock worth $21,711,000 after purchasing an additional 29,000 shares during the last quarter. Royce & Associates LP raised its stake in shares of Vera Bradley by 27.4% in the fourth quarter. Royce & Associates LP now owns 465,600 shares of the textile maker’s stock worth $5,671,000 after purchasing an additional 100,089 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Vera Bradley in the first quarter worth $4,612,000. Finally, Alambic Investment Management L.P. raised its stake in shares of Vera Bradley by 38.1% in the first quarter. Alambic Investment Management L.P. now owns 432,747 shares of the textile maker’s stock worth $4,591,000 after purchasing an additional 119,447 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Vera Bradley Company Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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