Vera Bradley (VRA) Receiving Somewhat Positive Media Coverage, Study Shows
Press coverage about Vera Bradley (NASDAQ:VRA) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vera Bradley earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 46.0138087582723 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $112.42 million during the quarter, compared to analyst estimates of $111.72 million. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS.
A number of analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $10.00 price objective on shares of Vera Bradley in a research note on Friday, July 14th. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. BidaskClub raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Vera Bradley has an average rating of “Hold” and a consensus target price of $10.60.
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In related news, major shareholder Michael C. Ray sold 237,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total value of $1,954,625.00. Following the completion of the sale, the insider now owns 120,712 shares of the company’s stock, valued at approximately $993,459.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 40.90% of the stock is currently owned by insiders.
About Vera Bradley
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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