Vera Bradley (NASDAQ:VRA) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Vera Bradley, Inc. (NASDAQ:VRA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.00 and traded as high as $3.37. Vera Bradley shares last traded at $3.31, with a volume of 83,565 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VRA shares. Wall Street Zen raised Vera Bradley from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Vera Bradley Trading Down 1.5%

The stock’s 50-day simple moving average is $3.63 and its 200-day simple moving average is $3.00. The stock has a market cap of $94.14 million, a price-to-earnings ratio of -1.92 and a beta of 1.62.

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

Institutional Trading of Vera Bradley

Several large investors have recently modified their holdings of VRA. Empowered Funds LLC grew 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 purchasing an additional 12,021 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Vera Bradley by 149.9% during the 1st quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock worth $128,000 after purchasing an additional 34,212 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Vera Bradley during the 2nd quarter worth $126,000. Marshall Wace LLP acquired a new stake in shares of Vera Bradley during the 2nd quarter worth $363,000. Finally, Jump Financial LLC acquired a new stake in shares of Vera Bradley during the 2nd quarter worth $28,000. 59.88% of the stock is 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.