Vera Bradley (NASDAQ:VRA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Vera Bradley, Inc. (NASDAQ:VRA)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.92 and traded as high as $3.48. Vera Bradley shares last traded at $3.44, with a volume of 203,881 shares.

Wall Street Analyst Weigh In

VRA has been the subject of several research reports. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Vera Bradley Stock Up 5.8%

The business has a 50-day moving average price of $3.59 and a 200-day moving average price of $2.92. The firm has a market capitalization of $97.83 million, a PE ratio of -2.00 and a beta of 1.70.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $84.89 million during the quarter, compared to analyst estimates of $79.73 million. Vera Bradley had a negative return on equity of 12.00% and a negative net margin of 17.74%. On average, equities research analysts anticipate that Vera Bradley, Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Vera Bradley

Large investors have recently made changes to their positions in the stock. Jump Financial LLC purchased a new stake in shares of Vera Bradley in the second quarter valued at approximately $28,000. Qube Research & Technologies Ltd purchased a new stake in shares of Vera Bradley in the third quarter valued at approximately $49,000. Emissary Wealth LLC purchased a new stake in shares of Vera Bradley in the fourth quarter valued at approximately $51,000. Simplex Trading LLC grew its position in shares of Vera Bradley by 55.0% in the fourth quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock valued at $85,000 after purchasing an additional 12,442 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Vera Bradley by 266.8% in the second quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock valued at $91,000 after purchasing an additional 29,823 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Company Profile

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.