Vera Bradley (NASDAQ:VRA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other brokerages also recently weighed in on VRA. ValuEngine downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price target (down previously from $14.00) on shares of Vera Bradley in a report on Thursday, December 13th. Finally, TheStreet downgraded shares of Vera Bradley from a “b-” rating to a “c” rating in a report on Thursday, December 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Vera Bradley presently has an average rating of “Hold” and an average price target of $12.75.

VRA opened at $9.29 on Tuesday. Vera Bradley has a 52-week low of $7.94 and a 52-week high of $17.38. The stock has a market cap of $315.82 million, a PE ratio of 15.48 and a beta of 0.72.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 12th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Vera Bradley had a net margin of 4.80% and a return on equity of 8.30%. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $101.68 million. During the same quarter last year, the company earned $0.23 EPS. The business’s revenue was down 14.4% compared to the same quarter last year. Sell-side analysts forecast that Vera Bradley will post 0.57 EPS for the current year.

In other news, major shareholder Michael C. Ray sold 2,429 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $12.58, for a total transaction of $30,556.82. Following the sale, the insider now owns 55,879 shares of the company’s stock, valued at approximately $702,957.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael C. Ray sold 33,236 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $10.77, for a total transaction of $357,951.72. Following the sale, the insider now directly owns 51,021 shares in the company, valued at approximately $549,496.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,889 shares of company stock worth $2,011,692. 30.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates grew its stake in shares of Vera Bradley by 122.4% during the 4th quarter. Raymond James & Associates now owns 142,769 shares of the textile maker’s stock worth $1,224,000 after purchasing an additional 78,585 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Vera Bradley by 18.6% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 51,148 shares of the textile maker’s stock worth $438,000 after purchasing an additional 8,010 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Vera Bradley by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 280,311 shares of the textile maker’s stock worth $2,402,000 after purchasing an additional 8,965 shares during the period. BlackRock Inc. grew its stake in shares of Vera Bradley by 1.6% during the 4th quarter. BlackRock Inc. now owns 3,303,722 shares of the textile maker’s stock worth $28,313,000 after purchasing an additional 52,306 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Vera Bradley by 13.9% during the 4th quarter. California Public Employees Retirement System now owns 93,611 shares of the textile maker’s stock worth $802,000 after purchasing an additional 11,447 shares during the period. 73.17% of the stock is currently owned by institutional investors and hedge funds.

About Vera Bradley

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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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