Vera Bradley (NASDAQ:VRA) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Vera Bradley, Inc. (NASDAQ:VRA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.22 and traded as high as $2.22. Vera Bradley shares last traded at $2.20, with a volume of 282,022 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vera Bradley has an average rating of “Reduce”.

Vera Bradley Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.52 and a quick ratio of 0.81. The firm has a market capitalization of $61.49 million, a price-to-earnings ratio of -0.63 and a beta of 1.75. The firm’s fifty day moving average is $2.40 and its 200 day moving average is $2.22.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Thursday, December 11th. The textile maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. Vera Bradley had a negative net margin of 34.23% and a negative return on equity of 18.30%. The firm had revenue of $62.25 million for the quarter, compared to analyst estimates of $61.69 million. During the same quarter in the prior year, the business earned ($0.27) EPS. On average, analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current fiscal year.

Insider Transactions at Vera Bradley

In other news, Director Andrew Meslow bought 50,000 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the purchase, the director directly owned 600,000 shares of the company’s stock, valued at $1,158,000. This trade represents a 9.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Vera Bradley

Several institutional investors have recently made changes to their positions in VRA. Catalyst Funds Management Pty Ltd bought a new stake in Vera Bradley in the second quarter worth approximately $25,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Vera Bradley during the 2nd quarter valued at $26,000. Jump Financial LLC bought a new position in shares of Vera Bradley during the 2nd quarter valued at $28,000. Belpointe Asset Management LLC acquired a new stake in shares of Vera Bradley in the 1st quarter valued at $29,000. Finally, Fortis Capital Advisors LLC bought a new stake in Vera Bradley in the first quarter worth $29,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Vera Bradley Company Profile

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.