Vera Bradley (VRA) – Analysts’ Recent Ratings Updates

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A number of firms have modified their ratings and price targets on shares of Vera Bradley (NASDAQ: VRA) recently:

  • 9/11/2019 – Vera Bradley was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/5/2019 – Vera Bradley was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/5/2019 – Vera Bradley had its price target lowered by analysts at Telsey Advisory Group from $13.00 to $10.00. They now have a “market perform” rating on the stock.
  • 8/31/2019 – Vera Bradley was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/20/2019 – Vera Bradley was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/13/2019 – Vera Bradley was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/1/2019 – Vera Bradley was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/19/2019 – Vera Bradley was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Vera Bradley stock traded down $0.56 during midday trading on Friday, hitting $10.01. The company’s stock had a trading volume of 366,208 shares, compared to its average volume of 343,408. The company has a quick ratio of 0.91, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $10.49 and its 200-day moving average price is $11.40. Vera Bradley, Inc. has a 12 month low of $7.94 and a 12 month high of $17.05. The company has a market capitalization of $333.59 million, a PE ratio of 16.97 and a beta of 0.86.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, September 4th. The textile maker reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Vera Bradley had a return on equity of 6.55% and a net margin of 3.82%. The business had revenue of $119.79 million during the quarter, compared to the consensus estimate of $117.35 million. During the same quarter last year, the firm posted $0.26 earnings per share. Vera Bradley’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Vera Bradley, Inc. will post 0.89 EPS for the current year.

In other Vera Bradley news, major shareholder Michael C. Ray sold 31,500 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $10.95, for a total transaction of $344,925.00. Following the sale, the insider now owns 114,627 shares in the company, valued at approximately $1,255,165.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Hall sold 66,500 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $11.10, for a total value of $738,150.00. Following the sale, the insider now owns 78,093 shares in the company, valued at approximately $866,832.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,731 shares of company stock worth $2,142,155. Corporate insiders own 27.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Vera Bradley by 3.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 281,456 shares of the textile maker’s stock valued at $3,729,000 after purchasing an additional 8,900 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Vera Bradley in the 1st quarter valued at about $139,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Vera Bradley by 224.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 45,190 shares of the textile maker’s stock valued at $542,000 after purchasing an additional 31,250 shares during the period. Spark Investment Management LLC increased its holdings in shares of Vera Bradley by 3.4% in the 1st quarter. Spark Investment Management LLC now owns 330,329 shares of the textile maker’s stock valued at $4,376,000 after purchasing an additional 11,014 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Vera Bradley in the 1st quarter valued at about $1,893,000. Institutional investors own 66.51% of the company’s stock.

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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