Vera Bradley Receives Consensus Rating of “Hold” from Analysts (NYSE:VRA)
Shares of Vera Bradley (NYSE:VRA) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, AnalystRatings.Net reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $25.91.
Vera Bradley (NYSE:VRA) opened at 20.52 on Wednesday. Vera Bradley has a 52 week low of $17.27 and a 52 week high of $30.00. The stock has a 50-day moving average of $20.06 and a 200-day moving average of $24.58. The company has a market cap of $834.9 million and a price-to-earnings ratio of 14.74.
Vera Bradley (NYSE:VRA) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. 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.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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