Vera Bradley, Inc. (NASDAQ:VRA) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $11.00.
VRA has been the topic of several recent research reports. BidaskClub downgraded shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Vera Bradley in a research report on Thursday, December 7th. Robert W. Baird set a $12.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a research report on Monday, December 25th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $11.00 target price on shares of Vera Bradley in a research report on Thursday, October 12th.
Shares of Vera Bradley (NASDAQ VRA) opened at $9.52 on Tuesday. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $12.83. The company has a market cap of $347.02, a P/E ratio of 190.40, a P/E/G ratio of 1.69 and a beta of 1.08.
In other 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 shares were sold at an average price of $12.33, for a total value of $151,560.36. Following the transaction, the insider now owns 32,605 shares in the company, valued at approximately $402,019.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.60% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Vera Bradley by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after acquiring an additional 413,983 shares in the last quarter. FMR LLC increased its stake in shares of Vera Bradley by 14.9% in the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock valued at $9,438,000 after acquiring an additional 125,051 shares in the last quarter. AHL Partners LLP increased its stake in shares of Vera Bradley by 133.2% in the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after acquiring an additional 22,500 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Vera Bradley in the 3rd quarter valued at $283,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Vera Bradley in the 3rd quarter valued at $3,528,000. Institutional investors own 63.03% 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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