Vera Bradley (NASDAQ:VRA) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Vera Bradley (NASDAQ:VRA) from a strong sell rating to a sell rating in a research note issued to investors on Saturday, November 11th.

Other analysts have also recently issued reports about the company. B. Riley reissued a buy rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Zacks Investment Research raised Vera Bradley from a hold rating to a buy rating and set a $8.00 price target for the company in a research report on Wednesday, November 1st. Jefferies Group reaffirmed a hold rating and set a $11.00 price target on shares of Vera Bradley in a research report on Thursday, October 12th. FBR & Co set a $12.00 price objective on Vera Bradley and gave the company a buy rating in a report on Monday, August 28th. Finally, KeyCorp reissued a hold rating on shares of Vera Bradley in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $10.33.

Vera Bradley (VRA) traded down $0.10 during trading hours on Friday, hitting $8.85. 475,383 shares of the stock were exchanged, compared to its average volume of 350,090. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $15.79. The company has a market capitalization of $301.89, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The firm had revenue of $112.42 million for the quarter, compared to the consensus estimate of $111.72 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. analysts expect that Vera Bradley will post 0.47 earnings per share for the current fiscal year.

In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total value of $1,439,900.00. Following the completion of the sale, the executive vice president now directly owns 21,655 shares in the company, valued at $183,417.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Michael C. Ray sold 237,500 shares of Vera Bradley stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total value of $1,954,625.00. Following the transaction, the insider now directly owns 120,712 shares in the company, valued at approximately $993,459.76. The disclosure for this sale can be found here. Company insiders own 39.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of VRA. FMR LLC lifted its position in shares of Vera Bradley by 14.9% during the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock valued at $9,438,000 after buying an additional 125,051 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after purchasing an additional 413,983 shares during the period. Morgan Stanley raised its stake in shares of Vera Bradley by 20.6% during the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock valued at $1,259,000 after purchasing an additional 23,101 shares during the period. Geode Capital Management LLC raised its stake in shares of Vera Bradley by 20.4% during the 1st quarter. Geode Capital Management LLC now owns 201,508 shares of the textile maker’s stock valued at $1,875,000 after purchasing an additional 34,134 shares during the period. Finally, AHL Partners LLP raised its stake in shares of Vera Bradley by 133.2% during the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after purchasing an additional 22,500 shares during the period. 61.88% of the stock is currently owned by institutional investors and hedge funds.

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Vera Bradley Company Profile

Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

Analyst Recommendations for Vera Bradley (NASDAQ:VRA)

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