Vera Bradley Upgraded to Buy by Standpoint Research (VRA)
Vera Bradley (NYSE:VRA) was upgraded by equities research analysts at Standpoint Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
In other Vera Bradley news, EVP Charles R. Mann unloaded 5,000 shares of Vera Bradley stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $22.14, for a total value of $110,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on VRA. Analysts at Buckingham Research initiated coverage on shares of Vera Bradley in a research note on Tuesday, June 24th. They set a “neutral” rating and a $21.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Vera Bradley from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $22.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vera Bradley in a research note on Friday, June 6th. They now have a $25.00 price target on the stock, down previously from $29.00. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.14.
Shares of Vera Bradley (NYSE:VRA) traded down 1.55% during mid-day trading on Wednesday, hitting $21.65. 635,985 shares of the company’s stock traded hands. Vera Bradley has a one year low of $17.27 and a one year high of $30.00. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $25.73. The company has a market cap of $880.9 million and a P/E ratio of 15.93.
Vera Bradley (NYSE:VRA) last posted its quarterly earnings results 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 $1.05 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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