Vera Bradley’s (VRA) “Hold” Rating Reaffirmed at KeyCorp
Vera Bradley Inc. (NASDAQ:VRA)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a report issued on Thursday.
A number of other brokerages also recently commented on VRA. Zacks Investment Research downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Cowen and Company reissued a “market perform” rating and set a $18.00 price objective on shares of Vera Bradley in a research report on Sunday, September 4th. Robert W. Baird reissued a “neutral” rating and set a $18.00 price objective on shares of Vera Bradley in a research report on Sunday, September 4th. Finally, Wunderlich lowered their price objective on Vera Bradley from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.75.
Vera Bradley (NASDAQ:VRA) traded down 0.47% during trading on Thursday, hitting $14.72. 346,503 shares of the stock traded hands. The stock has a 50 day moving average price of $15.56 and a 200-day moving average price of $15.82. The stock has a market cap of $538.53 million, a P/E ratio of 16.60 and a beta of 1.28. Vera Bradley has a 52-week low of $10.41 and a 52-week high of $20.69.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/vera-bradleys-vra-hold-rating-reaffirmed-at-keycorp.html
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Vera Bradley had a return on equity of 12.34% and a net margin of 6.63%. The business earned $119.20 million during the quarter. During the same period in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts anticipate that Vera Bradley will post $0.90 EPS for the current fiscal year.
In other Vera Bradley news, major shareholder Michael C. Ray sold 10,800 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $15.97, for a total value of $172,476.00. Following the completion of the sale, the insider now owns 285,462 shares in the company, valued at $4,558,828.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $15.71, for a total value of $25,136.00. Following the completion of the sale, the insider now owns 282,262 shares of the company’s stock, valued at approximately $4,434,336.02. The disclosure for this sale can be found here. 40.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of VRA. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Vera Bradley by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,200 shares of the company’s stock worth $102,000 after buying an additional 700 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in shares of Vera Bradley during the second quarter worth $142,000. New York State Teachers Retirement System boosted its stake in shares of Vera Bradley by 43.6% in the second quarter. New York State Teachers Retirement System now owns 10,532 shares of the company’s stock worth $149,000 after buying an additional 3,200 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Vera Bradley during the second quarter worth $167,000. Finally, Pacad Investment Ltd. purchased a new stake in shares of Vera Bradley during the second quarter worth $174,000. Institutional investors own 55.34% of the company’s stock.
About Vera Bradley
Vera Bradley, Inc is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
Receive News & Ratings for Vera Bradley Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley Inc. and related companies with MarketBeat.com's FREE daily email newsletter.