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Citigroup Inc. reiterated their neutral rating on shares of Vera Bradley (NYSE:VRA) in a research report released on Friday morning. Citigroup Inc. currently has a $25.00 price objective on the stock, down from their previous price objective of $29.00.

In other Vera Bradley news, major shareholder Michael C. Ray sold 10,000 shares of Vera Bradley stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $24.64, for a total transaction of $246,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

A number of other firms have also recently commented on VRA. Analysts at Telsey Advisory Group cut their price target on shares of Vera Bradley from $35.00 to $32.00 in a research note on Friday. They now have a not rated rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Vera Bradley from $33.00 to $30.00 in a research note on Friday. Finally, analysts at KeyCorp cut their price target on shares of Vera Bradley from $33.00 to $30.00 in a research note on Friday. They now have a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $27.45.

Shares of Vera Bradley (NYSE:VRA) traded up 0.26% on Friday, hitting $23.20. 68,200 shares of the company’s stock traded hands. Vera Bradley has a 52 week low of $17.27 and a 52 week high of $30.00. The stock has a 50-day moving average of $27.71 and a 200-day moving average of $25.9. The company has a market cap of $942.8 million and a P/E ratio of 16.72.

Vera Bradley (NYSE:VRA) last released its earnings data on Thursday, June 5th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $118.41 million. During the same quarter last year, the company posted $0.23 earnings per share. Vera Bradley’s revenue was down 7.7% compared to the same quarter last year. Analysts expect that Vera Bradley will post $1.07 EPS for the current fiscal year.

Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.

To view Citigroup’s full report, visit Citigroup’s official website.

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