Vera Bradley Given Consensus Recommendation of “Hold” by Analysts (NYSE:VRA)
Vera Bradley (NYSE:VRA) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, StockRatingsNetwork reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.91.
A number of analysts have recently weighed in on VRA shares. Analysts at Zacks upgraded shares of Vera Bradley from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $20.40 price target on the stock. Separately, analysts at Standpoint Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. Finally, 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.
In other Vera Bradley news, major shareholder Michael C. Ray unloaded 6,250 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $19.84, for a total value of $124,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Vera Bradley (NYSE:VRA) traded down 1.56% on Wednesday, hitting $20.485. The stock had a trading volume of 11,311 shares. 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 $20.10 and its 200-day moving average is $24.66. The company has a market cap of $833.5 million and a price-to-earnings ratio of 15.08.
Vera Bradley (NYSE:VRA) last posted its quarterly 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. On average, analysts predict that Vera Bradley will post $1.05 earnings per share 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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