Vera Bradley (VRA) Earning Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Vera Bradley (NASDAQ:VRA) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vera Bradley earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.9438677835966 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts have recently weighed in on VRA shares. BidaskClub raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Jefferies Group reissued a “hold” rating and issued a $11.00 price objective on shares of Vera Bradley in a research report on Thursday, October 12th. Zacks Investment Research raised 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 report on Wednesday, November 1st. B. Riley reissued a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. Finally, Cowen reissued a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Vera Bradley presently has an average rating of “Hold” and an average target price of $11.00.
Vera Bradley (NASDAQ:VRA) traded down $0.81 during trading hours on Wednesday, hitting $10.33. 440,000 shares of the stock were exchanged, compared to its average volume of 398,560. The firm has a market capitalization of $395.28, a price-to-earnings ratio of 206.60, a PEG ratio of 1.92 and a beta of 1.08. Vera Bradley has a twelve month low of $6.99 and a twelve month high of $12.83.
Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The firm had revenue of $114.10 million during the quarter, compared to the consensus estimate of $114.55 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Vera Bradley’s revenue was down 9.9% compared to the same quarter last year. sell-side analysts forecast that Vera Bradley will post 0.58 earnings per share for the current year.
In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total value of $151,560.36. Following the completion of the sale, the insider now directly owns 32,605 shares in the company, valued at $402,019.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 39.60% of the stock is currently owned by insiders.
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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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