Vera Bradley (VRA) Stock Rating Reaffirmed by Cowen
Vera Bradley (NASDAQ:VRA)‘s stock had its “hold” rating reissued by stock analysts at Cowen in a research report issued to clients and investors on Thursday. They presently have a $12.00 price objective on the textile maker’s stock. Cowen’s target price points to a potential upside of 6.19% from the stock’s previous close.
A number of other research firms also recently issued reports on VRA. BidaskClub downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a research note on Thursday, October 12th. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.83.
Shares of Vera Bradley (NASDAQ VRA) traded up $0.27 during trading hours on Thursday, hitting $11.30. 1,234,797 shares of the company were exchanged, compared to its average volume of 373,276. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $13.13. The company has a market capitalization of $312.37, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.
In other news, EVP Kimberly F. Colby sold 170,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $8.47, for a total value of $1,439,900.00. Following the transaction, the executive vice president now directly owns 21,655 shares in the company, valued at $183,417.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 39.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Vera Bradley by 14.9% in the second quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after purchasing an additional 125,051 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock worth $21,776,000 after acquiring an additional 413,983 shares in the last quarter. Morgan Stanley grew its holdings in Vera Bradley by 20.6% during the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock worth $1,259,000 after acquiring an additional 23,101 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vera Bradley by 20.4% during the 1st quarter. Geode Capital Management LLC now owns 201,508 shares of the textile maker’s stock worth $1,875,000 after acquiring an additional 34,134 shares in the last quarter. Finally, AHL Partners LLP grew its holdings in Vera Bradley by 133.2% during the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock worth $385,000 after acquiring an additional 22,500 shares in the last quarter. Hedge funds and other institutional investors own 61.87% 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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