Shares of Vera Bradley, Inc. (NASDAQ:VRA) have received a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $11.00.
Several brokerages have weighed in on VRA. Robert W. Baird set a $11.00 price target on shares of Vera Bradley and gave the company a “hold” rating in a report on Wednesday, March 14th. Cowen set a $10.00 price target on shares of Vera Bradley and gave the company a “hold” rating in a report on Wednesday, March 14th. BidaskClub downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st.
VRA stock opened at $10.70 on Wednesday. Vera Bradley has a 1-year low of $6.99 and a 1-year high of $12.83. The firm has a market cap of $362.28, a P/E ratio of 53.50, a price-to-earnings-growth ratio of 4.94 and a beta of 0.69.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The business had revenue of $132.00 million for the quarter, compared to the consensus estimate of $130.02 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. analysts predict that Vera Bradley will post 0.41 earnings per share for the current fiscal year.
In other news, Director Robert J. Hall sold 1,200,000 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,676,000.00. Following the transaction, the director now owns 63,593 shares of the company’s stock, valued at $618,759.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the transaction, the insider now directly owns 32,605 shares in the company, valued at approximately $402,019.65. The disclosure for this sale can be found here. Insiders sold 2,444,897 shares of company stock worth $23,820,807 in the last three months. Insiders own 39.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VRA. MetLife Investment Advisors LLC purchased a new position in shares of Vera Bradley in the fourth quarter worth $125,000. Voya Investment Management LLC raised its stake in Vera Bradley by 29.4% during the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 3,014 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in Vera Bradley during the third quarter valued at $141,000. Wells Fargo & Company MN raised its stake in Vera Bradley by 11.6% during the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock valued at $147,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in Vera Bradley during the fourth quarter valued at $158,000. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
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About Vera Bradley
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.
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