Vera Bradley (VRA) PT Set at $12.00 by Robert W. Baird
Vera Bradley (NASDAQ:VRA) received a $12.00 price objective from Robert W. Baird in a report released on Monday. The brokerage presently has a “hold” rating on the textile maker’s stock. Robert W. Baird’s price target would suggest a potential downside of 2.83% from the company’s previous close.
Several other equities analysts have also recently weighed in on VRA. B. Riley reaffirmed a “buy” rating on shares of Vera Bradley in a report on Wednesday, November 1st. BidaskClub raised Vera Bradley from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Cowen reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a report on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Vera Bradley currently has an average rating of “Hold” and an average target price of $11.00.
Vera Bradley (NASDAQ:VRA) traded up $0.06 during trading hours on Monday, reaching $12.35. The company had a trading volume of 321,600 shares, compared to its average volume of 384,718. The firm has a market cap of $449.57, a PE ratio of 247.00, a P/E/G ratio of 2.13 and a beta of 1.10. Vera Bradley has a 1-year low of $6.99 and a 1-year high of $12.83.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The business had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $114.55 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. equities analysts forecast that Vera Bradley will post 0.58 EPS for the current year.
In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the transaction, the executive vice president now directly owns 21,655 shares of the company’s stock, valued at approximately $183,417.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.60% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Vera Bradley by 20.4% during the 1st quarter. Geode Capital Management LLC now owns 201,508 shares of the textile maker’s stock worth $1,875,000 after buying an additional 34,134 shares during the period. Morgan Stanley raised its stake in Vera Bradley by 20.6% during the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock worth $1,259,000 after buying an additional 23,101 shares during the period. Bank of America Corp DE raised its stake in Vera Bradley by 111.5% during the 1st quarter. Bank of America Corp DE now owns 32,246 shares of the textile maker’s stock worth $300,000 after buying an additional 16,998 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Vera Bradley by 14.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock worth $141,000 after buying an additional 1,943 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Vera Bradley by 25.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock worth $658,000 after buying an additional 13,700 shares during the period. 63.00% of the stock is currently owned by 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.
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