FBR & Co Reiterates Outperform Rating for Vera Bradley, Inc. (VRA)
FBR & Co reissued their outperform rating on shares of Vera Bradley, Inc. (NASDAQ:VRA) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $12.00 target price on the textile maker’s stock.
Several other equities research analysts have also recently issued reports on VRA. Zacks Investment Research upgraded Vera Bradley from a sell rating to a hold rating in a research note on Friday, June 30th. Wunderlich reiterated a buy rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Saturday, March 25th. Finally, Jefferies Group LLC set a $10.00 price target on Vera Bradley and gave the company a hold rating in a research note on Wednesday, May 31st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $11.83.
Vera Bradley (VRA) opened at 9.49 on Tuesday. Vera Bradley has a one year low of $7.70 and a one year high of $17.20. The firm has a market capitalization of $343.10 million, a PE ratio of 26.07 and a beta of 0.87. The stock has a 50 day moving average price of $8.54 and a 200-day moving average price of $9.88.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The company had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $96.62 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts forecast that Vera Bradley will post $0.44 earnings per share for the current year.
Several large investors have recently modified their holdings of VRA. Russell Investments Group Ltd. purchased a new position in shares of Vera Bradley during the fourth quarter valued at approximately $719,000. Comerica Bank increased its position in shares of Vera Bradley by 5.8% in the fourth quarter. Comerica Bank now owns 20,930 shares of the textile maker’s stock valued at $249,000 after buying an additional 1,154 shares in the last quarter. State Street Corp increased its position in shares of Vera Bradley by 9.8% in the fourth quarter. State Street Corp now owns 417,932 shares of the textile maker’s stock valued at $4,896,000 after buying an additional 37,267 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vera Bradley by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,201 shares of the textile maker’s stock valued at $18,051,000 after buying an additional 37,046 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock valued at $143,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.87% of the company’s stock.
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.
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