Vera Bradley, Inc. (NASDAQ:VRA) Receives $11.83 Average PT from Brokerages
Vera Bradley, Inc. (NASDAQ:VRA) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.83.
A number of brokerages recently commented on VRA. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.00 price objective on shares of Vera Bradley in a research report on Friday. FBR & Co reaffirmed an “outperform” rating and set a $12.00 price objective on shares of Vera Bradley in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Wunderlich reaffirmed a “buy” rating and set a $11.00 price objective on shares of Vera Bradley in a research report on Saturday, March 25th.
A number of hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in Vera Bradley during the first quarter valued at approximately $101,000. Koch Industries Inc. acquired a new stake in Vera Bradley during the first quarter valued at approximately $112,000. New York State Teachers Retirement System increased its stake in Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock valued at $143,000 after buying an additional 100 shares in the last quarter. Wells Fargo & Company MN increased its stake in Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in Vera Bradley during the fourth quarter valued at approximately $162,000. 58.87% of the stock is owned by institutional investors.
Vera Bradley (NASDAQ:VRA) traded up 0.11% during trading on Friday, reaching $9.50. 216,565 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $8.54 and its 200-day moving average price is $9.88. Vera Bradley has a 52 week low of $7.70 and a 52 week high of $17.20. The stock has a market capitalization of $343.46 million, a price-to-earnings ratio of 26.10 and a beta of 0.87.
Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The business had revenue of $96.10 million for the quarter, compared to the consensus estimate of $96.62 million. During the same period last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, equities analysts expect that Vera Bradley will post $0.44 EPS for the current year.
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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