Vera Bradley (NASDAQ:VRA) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Vera Bradley, Inc. (NASDAQ:VRA) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $3.64 and traded as high as $5.14. Vera Bradley shares last traded at $5.11, with a volume of 450,238 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VRA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research note on Friday, September 11th. Wall Street Zen raised Vera Bradley from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Finally, Zacks Research upgraded Vera Bradley from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Vera Bradley Price Performance

The stock has a market cap of $146.61 million, a price-to-earnings ratio of -13.81 and a beta of 1.50. The business’s 50-day simple moving average is $3.59 and its two-hundred day simple moving average is $3.64.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Tuesday, September 15th. The textile maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.19. Vera Bradley had a negative net margin of 3.66% and a negative return on equity of 3.80%. The firm had revenue of $71.65 million for the quarter, compared to analysts’ expectations of $65.95 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Equities research analysts forecast that Vera Bradley, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Vera Bradley

A number of institutional investors and hedge funds have recently bought and sold shares of VRA. Engineers Gate Manager LP bought a new position in Vera Bradley in the second quarter valued at about $39,000. Algert Global LLC bought a new stake in shares of Vera Bradley during the second quarter worth about $51,000. Assenagon Asset Management S.A. bought a new stake in shares of Vera Bradley during the second quarter worth about $158,000. GSA Capital Partners LLP acquired a new position in shares of Vera Bradley in the second quarter valued at approximately $232,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Vera Bradley in the second quarter valued at approximately $327,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc is a lifestyle and accessories company best known for its colorful, patterned handbags and travel products. Its merchandise includes totes, crossbody bags, backpacks, wallets, accessories, luggage, apparel, home goods and gifts, with collections designed for everyday use, travel and personal style.

The company operates primarily through the Vera Bradley brand and Pura Vida, a lifestyle brand offering bracelets, jewelry, accessories and related products. Vera Bradley sells its products through company-operated stores, outlet locations, e-commerce websites and wholesale partners, including specialty retailers and department stores.