Zacks Downgrades Vera Bradley to Underperform (VRA)
Vera Bradley (NYSE:VRA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, AR Network reports. They currently have a $17.90 price objective on the stock. Zacks‘ price target points to a potential downside of 5.04% from the stock’s previous close.
Vera Bradley (NYSE:VRA) traded up 9.87% during mid-day trading on Friday, hitting $20.71. 1,129,656 shares of the company’s stock traded hands. Vera Bradley has a one year low of $17.27 and a one year high of $31.00. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $22.35. The company has a market cap of $840.9 million and a P/E ratio of 11.68. Vera Bradley also saw unusually large options trading on Thursday. Stock traders purchased 12,259 call options on the stock. This is an increase of 866% compared to the average volume of 1,269 call options.
Vera Bradley (NYSE:VRA) last released its earnings data on Wednesday, September 11th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Vera Bradley will post $1.66 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee cut their price target on shares of Vera Bradley (NYSE:VRA) from $20.00 to $19.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Vera Bradley (NYSE:VRA) from $23.00 to $19.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Finally, 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.
Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.74.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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