Vera Bradley (NASDAQ:VRA) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Vera Bradley, Inc. (NASDAQ:VRA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.96 and traded as high as $3.48. Vera Bradley shares last traded at $3.43, with a volume of 66,491 shares traded.

Wall Street Analyst Weigh In

VRA has been the topic of several research reports. Wall Street Zen upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research upgraded shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two investment 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 company currently has an average rating of “Reduce”.

Vera Bradley Price Performance

The firm has a market cap of $97.55 million, a P/E ratio of -1.99 and a beta of 1.70. The stock’s 50 day moving average is $3.65 and its two-hundred day moving average is $2.96.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Thursday, March 12th. The textile maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $84.89 million for the quarter, compared to analysts’ expectations of $79.73 million. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. As a group, research analysts forecast that Vera Bradley, Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Vera Bradley

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRA. Empowered Funds LLC increased its stake in Vera Bradley by 7.9% in the first quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock valued at $368,000 after acquiring an additional 12,021 shares during the period. Jane Street Group LLC increased its stake in Vera Bradley by 149.9% in the first quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 34,212 shares during the period. XTX Topco Ltd bought a new stake in Vera Bradley in the second quarter valued at about $126,000. Marshall Wace LLP bought a new stake in Vera Bradley in the second quarter valued at about $363,000. Finally, Jump Financial LLC bought a new stake in Vera Bradley in the second quarter valued at about $28,000. Institutional investors own 59.88% of the company’s stock.

About Vera Bradley

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.