Vera Bradley Price Target Cut to $19.00 (VRA)
Research analysts at Telsey Advisory Group lowered their price target on shares of Vera Bradley (NYSE:VRA) from $23.00 to $19.00 in a report released on Thursday, ARN reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target suggests a potential downside of 2.31% from the company’s current price.
A number of other analysts have also recently weighed in on VRA. Analysts at Jefferies Group reiterated a “buy” rating on shares of Vera Bradley (NYSE:VRA) in a research note to investors on Thursday. They now have a $29.00 price target on the stock, down previously from $34.00. Separately, analysts at KeyCorp cut their price target on shares of Vera Bradley (NYSE:VRA) from $31.00 to $27.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Vera Bradley (NYSE:VRA) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $23.00 price target on the stock.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.30.
Vera Bradley (NYSE:VRA) traded down 2.47% on Thursday, hitting $18.97. The stock had a trading volume of 3,323,034 shares. Vera Bradley has a 52 week low of $18.52 and a 52 week high of $31.00. The stock’s 50-day moving average is $21.15 and its 200-day moving average is $22.37. The company has a market cap of $770.2 million and a P/E ratio of 12.05.
Vera Bradley (NYSE:VRA) last issued its quarterly earnings data on Wednesday, September 11th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $124.51 million. During the same quarter last year, the company posted $0.33 earnings per share. Vera Bradley’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Vera Bradley will post $1.71 EPS for the current fiscal year.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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