Shares of Vera Bradley, Inc. (NASDAQ:VRA) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.00.

A number of equities analysts have issued reports on VRA shares. BidaskClub cut Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, October 27th. Cowen restated a “hold” rating and set a $12.00 target price on shares of Vera Bradley in a report on Thursday, December 7th. Robert W. Baird set a $11.00 target price on Vera Bradley and gave the stock a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, November 1st. Finally, Jefferies Group restated a “hold” rating and set a $11.00 target price on shares of Vera Bradley in a report on Thursday, October 12th.

Vera Bradley (NASDAQ VRA) opened at $11.83 on Friday. The stock has a market capitalization of $419.76, a PE ratio of 236.60, a P/E/G ratio of 2.17 and a beta of 1.08. Vera Bradley has a 1-year low of $6.99 and a 1-year high of $12.83.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $114.55 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. equities analysts expect that Vera Bradley will post 0.58 earnings per share for the current fiscal year.

In other Vera Bradley news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the transaction, the insider now owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Vera Bradley by 25.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock worth $658,000 after acquiring an additional 13,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Vera Bradley by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the textile maker’s stock worth $779,000 after acquiring an additional 418 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Vera Bradley by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 40,155 shares of the textile maker’s stock worth $393,000 after acquiring an additional 990 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Vera Bradley by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 34,978 shares of the textile maker’s stock worth $342,000 after acquiring an additional 2,811 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Vera Bradley during the 2nd quarter worth approximately $478,000. 63.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Vera Bradley (NASDAQ:VRA)

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