Vera Bradley, Inc. (VRA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Vera Bradley, Inc. (NASDAQ:VRA) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.86.

A number of analysts have recently weighed in on VRA shares. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the company a “buy” rating in a report on Monday, August 28th. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, November 1st. Jefferies Group reissued a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a research report on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th.

Vera Bradley (VRA) opened at $11.66 on Monday. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $13.13. The company has a market cap of $413.73, a PE ratio of 21.20, a P/E/G ratio of 2.12 and a beta of 1.10.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $114.55 million. During the same period in the prior year, the business earned $0.20 EPS. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. analysts predict that Vera Bradley will post 0.57 earnings per share for the current year.

In related news, EVP Kimberly F. Colby sold 170,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were 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 owns 21,655 shares of the company’s stock, valued at approximately $183,417.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.60% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its holdings in shares of Vera Bradley by 62.1% during the third quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock worth $26,077,000 after purchasing an additional 1,133,407 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vera Bradley by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock worth $22,294,000 after purchasing an additional 303,858 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Vera Bradley by 12.6% during the first quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock worth $16,215,000 after purchasing an additional 194,971 shares during the period. FMR LLC lifted its holdings in shares of Vera Bradley by 14.9% during the second quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after purchasing an additional 125,051 shares during the period. Finally, State Street Corp raised its position in Vera Bradley by 3.3% in the second quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock worth $4,390,000 after acquiring an additional 14,529 shares in the last quarter. 61.87% of the stock is currently owned by hedge funds and other institutional investors.

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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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