Vera Bradley (NASDAQ:VRA) Cut to D+ at TheStreet

TheStreet lowered shares of Vera Bradley (NASDAQ:VRAGet Rating) from a c rating to a d+ rating in a research report released on Tuesday morning, TheStreetRatingsTable reports.

A number of other analysts have also recently issued reports on VRA. Telsey Advisory Group dropped their price objective on Vera Bradley from $9.00 to $7.00 and set a market perform rating on the stock in a report on Thursday, June 9th. Noble Financial assumed coverage on Vera Bradley in a report on Thursday, June 16th. They issued an outperform rating and a $8.00 price target on the stock. Finally, StockNews.com cut Vera Bradley from a buy rating to a hold rating in a report on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $9.00.

Shares of NASDAQ:VRA opened at $4.77 on Tuesday. The company has a market capitalization of $150.05 million, a PE ratio of 12.89 and a beta of 1.78. The business has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $7.29. Vera Bradley has a 1 year low of $4.28 and a 1 year high of $12.58.

Vera Bradley (NASDAQ:VRAGet Rating) last issued its quarterly earnings results on Wednesday, June 8th. The textile maker reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). Vera Bradley had a net margin of 2.46% and a return on equity of 4.74%. The firm had revenue of $98.50 million for the quarter, compared to analysts’ expectations of $109.87 million. During the same period in the prior year, the company earned ($0.05) EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Vera Bradley will post 0.42 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY purchased a new stake in Vera Bradley in the 3rd quarter worth approximately $69,000. American Century Companies Inc. purchased a new stake in Vera Bradley in the 1st quarter worth approximately $80,000. Maryland State Retirement & Pension System purchased a new position in shares of Vera Bradley in the 4th quarter valued at approximately $86,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Vera Bradley in the 4th quarter valued at approximately $91,000. Finally, Voya Investment Management LLC purchased a new position in shares of Vera Bradley in the 3rd quarter valued at approximately $96,000. Institutional investors and hedge funds own 70.79% of the company’s stock.

About Vera Bradley (Get Rating)

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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