Vera Bradley (VRA) Stock Rating Reaffirmed by Cowen
Vera Bradley (NASDAQ:VRA)‘s stock had its “hold” rating restated by equities research analysts at Cowen in a report issued on Thursday. They currently have a $12.00 price objective on the textile maker’s stock. Cowen’s price target indicates a potential upside of 2.92% from the stock’s current price.
VRA has been the subject of several other reports. BidaskClub downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, November 1st. Jefferies Group reiterated a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a report on Thursday, October 12th. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Vera Bradley has an average rating of “Hold” and a consensus target price of $10.86.
Vera Bradley (NASDAQ VRA) opened at $11.66 on Thursday. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $13.13. The company has a market cap of $419.35, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The business had revenue of $114.10 million during the quarter, compared to the consensus estimate of $114.55 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was down 9.9% on a year-over-year basis. equities research analysts forecast that Vera Bradley will post 0.55 EPS for the current fiscal year.
In other news, EVP Kimberly F. Colby sold 170,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the transaction, the executive vice president now directly owns 21,655 shares in the company, valued at $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 corporate insiders.
Institutional investors have recently modified their holdings of the stock. Teton Advisors Inc. bought a new stake in shares of Vera Bradley in the second quarter worth $102,000. LMR Partners LLP bought a new stake in shares of Vera Bradley in the second quarter worth $115,000. Voya Investment Management LLC grew its stake in shares of Vera Bradley by 29.4% in the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after purchasing an additional 3,014 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock worth $135,000 after purchasing an additional 157 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Vera Bradley by 14.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock worth $141,000 after purchasing an additional 1,943 shares during the last quarter. 61.87% of the stock is currently owned by institutional investors.
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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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