Telsey Advisory Group Lowers Vera Bradley Price Target to $32.00 (VRA)
Stock analysts at Telsey Advisory Group decreased their price target on shares of Vera Bradley (NYSE:VRA) from $35.00 to $32.00 in a report issued on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 33.95% from the company’s current price.
In other Vera Bradley news, major shareholder Michael C. Ray sold 5,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $26.71, for a total value of $133,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Vera Bradley (NYSE:VRA) opened at 23.89 on Friday. Vera Bradley has a 52-week low of $17.27 and a 52-week high of $30.00. The stock’s 50-day moving average is $27.85 and its 200-day moving average is $25.92. The company has a market cap of $972.0 million and a price-to-earnings ratio of 17.43.
Vera Bradley (NYSE:VRA) last released its earnings data on Thursday, June 5th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $118.41 million. During the same quarter last year, the company posted $0.23 earnings per share. Vera Bradley’s revenue was down 7.7% compared to the same quarter last year. Analysts expect that Vera Bradley will post $1.26 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on VRA. Analysts at Jefferies Group cut their price target on shares of Vera Bradley from $33.00 to $30.00 in a research note on Friday. Separately, analysts at KeyCorp cut their price target on shares of Vera Bradley from $33.00 to $30.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Standpoint Research downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Vera Bradley currently has a consensus rating of “Hold” and an average price target of $26.81.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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