Vera Bradley (NASDAQ:VRA) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Vera Bradley, Inc. (NASDAQ:VRA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.38 and traded as high as $2.73. Vera Bradley shares last traded at $2.64, with a volume of 55,971 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Vera Bradley Stock Performance

The company has a market capitalization of $73.80 million, a P/E ratio of -0.75 and a beta of 1.80. The stock’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 2.52.

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

Insider Transactions at Vera Bradley

In other Vera Bradley news, Director Andrew Meslow purchased 50,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $1.93 per share, with a total value of $96,500.00. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 12.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vera Bradley

Large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings in shares of Vera Bradley by 7.9% during the 1st quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after buying an additional 12,021 shares during the period. Jane Street Group LLC lifted its position in Vera Bradley by 149.9% during the first quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock worth $128,000 after acquiring an additional 34,212 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Vera Bradley during the second quarter worth approximately $114,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Vera Bradley during the second quarter worth approximately $26,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of Vera Bradley in the second quarter valued at approximately $25,000. 59.88% of the stock is owned by institutional investors.

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.