Somewhat Positive Press Coverage Somewhat Unlikely to Affect Vera Bradley (VRA) Stock Price
Media headlines about Vera Bradley (NASDAQ:VRA) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vera Bradley earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 47.9005931222921 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Vera Bradley (NASDAQ:VRA) traded up $0.08 during trading hours on Friday, reaching $11.19. 250,900 shares of the company’s stock traded hands, compared to its average volume of 414,000. The stock has a market cap of $394.21, a price-to-earnings ratio of 223.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. Vera Bradley has a 52-week low of $6.99 and a 52-week high of $12.83.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.31% and a return on equity of 0.52%. The firm had revenue of $114.10 million during the quarter, compared to analyst estimates of $114.55 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. equities research analysts expect that Vera Bradley will post 0.58 earnings per share for the current year.
Several research firms have commented on VRA. Robert W. Baird set a $11.00 price objective on shares of Vera Bradley and gave the company a “hold” rating in a research note on Thursday, December 7th. BidaskClub lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Jefferies Group reiterated a “hold” rating and issued a $11.00 price objective on shares of Vera Bradley in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.00.
In other news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the transaction, the insider now directly owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.60% of the stock is owned by corporate insiders.
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About Vera Bradley
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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