Jefferies Group LLC Reaffirms Hold Rating for Vera Bradley, Inc. (NASDAQ:VRA)
Vera Bradley, Inc. (NASDAQ:VRA)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $10.00 target price on the textile maker’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 5.37% from the stock’s previous close.
A number of other analysts also recently weighed in on the company. FBR & Co reiterated an “outperform” rating and set a $12.00 price target on shares of Vera Bradley in a report on Tuesday. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Wunderlich reiterated a “buy” rating and set a $11.00 price target on shares of Vera Bradley in a report on Saturday, March 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.83.
Vera Bradley (NASDAQ VRA) traded down 1.45% on Friday, reaching $9.49. The company’s stock had a trading volume of 185,169 shares. Vera Bradley has a 12 month low of $7.70 and a 12 month high of $17.20. The company has a market cap of $343.10 million, a P/E ratio of 26.07 and a beta of 0.87. The stock’s 50 day moving average price is $8.54 and its 200 day moving average price is $9.88.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The firm had revenue of $96.10 million during the quarter, compared to the consensus estimate of $96.62 million. During the same period last year, the business posted $0.06 EPS. The business’s revenue was down 8.7% compared to the same quarter last year. Equities research analysts forecast that Vera Bradley will post $0.44 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Vera Bradley by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 1,190,086 shares of the textile maker’s stock valued at $11,079,000 after buying an additional 186,986 shares in the last quarter. Princeton Alpha Management LP increased its stake in shares of Vera Bradley by 73.9% in the first quarter. Princeton Alpha Management LP now owns 23,670 shares of the textile maker’s stock valued at $220,000 after buying an additional 10,059 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Vera Bradley by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,793 shares of the textile maker’s stock valued at $184,000 after buying an additional 50 shares in the last quarter. LSV Asset Management increased its stake in shares of Vera Bradley by 7.3% in the first quarter. LSV Asset Management now owns 378,124 shares of the textile maker’s stock valued at $3,520,000 after buying an additional 25,600 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares in the last quarter. Institutional investors own 58.86% of the company’s stock.
Vera Bradley Company Profile
Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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