Vera Bradley Inc. (VRA) Receives Hold Rating from KeyCorp
A number of other research firms also recently commented on VRA. Robert W. Baird reiterated a neutral rating and issued a $18.00 target price on shares of Vera Bradley in a report on Sunday, September 4th. Zacks Investment Research upgraded shares of Vera Bradley from a sell rating to a hold rating in a report on Thursday, August 4th. Cowen and Company restated a market perform rating and set a $18.00 price target on shares of Vera Bradley in a report on Sunday, September 4th. Finally, Wunderlich cut their price target on shares of Vera Bradley from $24.00 to $20.00 and set a buy rating on the stock in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Vera Bradley has an average rating of Hold and a consensus price target of $18.75.
Vera Bradley (NASDAQ:VRA) traded down 0.68% during trading on Thursday, hitting $14.69. 343,877 shares of the company traded hands. The firm has a market cap of $537.43 million, a P/E ratio of 16.56 and a beta of 1.28. Vera Bradley has a one year low of $10.41 and a one year high of $20.69. The firm has a 50 day moving average of $15.56 and a 200 day moving average of $15.82.
Vera Bradley (NASDAQ:VRA) last released its earnings results on Thursday, September 1st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Vera Bradley had a net margin of 6.63% and a return on equity of 12.34%. The business had revenue of $119.20 million for the quarter. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts expect that Vera Bradley will post $0.90 earnings per share for the current fiscal year.
In other Vera Bradley news, major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $15.71, for a total value of $25,136.00. Following the completion of the sale, the insider now directly owns 282,262 shares of the company’s stock, valued at $4,434,336.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Michael C. Ray sold 10,800 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $15.97, for a total transaction of $172,476.00. Following the completion of the sale, the insider now directly owns 285,462 shares of the company’s stock, valued at $4,558,828.14. The disclosure for this sale can be found here. 40.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its stake in Vera Bradley by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,200 shares of the company’s stock valued at $102,000 after buying an additional 700 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in Vera Bradley during the second quarter valued at about $142,000. New York State Teachers Retirement System increased its stake in Vera Bradley by 43.6% in the second quarter. New York State Teachers Retirement System now owns 10,532 shares of the company’s stock valued at $149,000 after buying an additional 3,200 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Vera Bradley during the second quarter valued at about $167,000. Finally, Pacad Investment Ltd. purchased a new stake in Vera Bradley during the second quarter valued at about $174,000. 55.34% of the stock is owned by institutional investors.
About Vera Bradley
Vera Bradley, Inc 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. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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