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Shares of Vera Bradley (NYSE:VRA) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, American Banking reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.45.

In other Vera Bradley news, major shareholder Michael C. Ray sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.64, for a total value of $246,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Vera Bradley (NYSE:VRA) traded up 0.69% during mid-day trading on Monday, hitting $23.30. The stock had a trading volume of 206,062 shares. Vera Bradley has a one year low of $17.27 and a one year high of $30.00. The stock has a 50-day moving average of $27.71 and a 200-day moving average of $25.9. The company has a market cap of $946.9 million and a P/E ratio of 16.72.

Vera Bradley (NYSE:VRA) last announced its earnings results on Thursday, June 5th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts expect that Vera Bradley will post $1.07 EPS for the current fiscal year.

A number of research firms have recently commented on VRA. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vera Bradley in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $29.00. Separately, analysts at Telsey Advisory Group cut their price target on shares of Vera Bradley from $35.00 to $32.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, 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.

Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.

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