Vera Bradley, Inc. (VRA) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Vera Bradley, Inc. (NASDAQ:VRA) have been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.83.
Several research firms have recently issued reports on VRA. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $10.00 price target on shares of Vera Bradley in a report on Friday, July 14th. Finally, FBR & Co reiterated an “outperform” rating and issued a $12.00 price target on shares of Vera Bradley in a report on Tuesday, July 11th.
Shares of Vera Bradley (NASDAQ:VRA) opened at 9.98 on Tuesday. The stock’s 50 day moving average is $9.34 and its 200-day moving average is $9.48. The stock has a market cap of $360.82 million, a P/E ratio of 27.42 and a beta of 0.87. Vera Bradley has a one year low of $7.70 and a one year high of $17.20.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The firm had revenue of $96.10 million for the quarter, compared to the consensus estimate of $96.62 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities analysts forecast that Vera Bradley will post $0.44 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Vera Bradley during the first quarter valued at $101,000. Teton Advisors Inc. acquired a new position in shares of Vera Bradley during the second quarter valued at $102,000. Koch Industries Inc. acquired a new position in shares of Vera Bradley during the first quarter valued at $112,000. LMR Partners LLP acquired a new position in shares of Vera Bradley during the second quarter valued at $115,000. Finally, Wells Fargo & Company MN increased its position 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 during the period. Institutional investors own 58.19% of the company’s stock.
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About Vera Bradley
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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