BidaskClub upgraded shares of Vera Bradley (NASDAQ:VRA) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Vera Bradley from a hold rating to a buy rating and set a $19.00 price objective for the company in a research note on Saturday, September 8th. Telsey Advisory Group lifted their price objective on shares of Vera Bradley from $15.00 to $17.00 and gave the company a market perform rating in a research note on Thursday, September 6th. TheStreet upgraded shares of Vera Bradley from a c rating to a b rating in a research note on Thursday, September 6th. Finally, ValuEngine cut shares of Vera Bradley from a buy rating to a hold rating in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Vera Bradley presently has an average rating of Hold and a consensus price target of $14.25.

NASDAQ:VRA opened at $10.22 on Wednesday. Vera Bradley has a twelve month low of $9.02 and a twelve month high of $17.38. The company has a market cap of $378.32 million, a price-to-earnings ratio of 13.72 and a beta of 0.39.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, September 5th. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Vera Bradley had a net margin of 3.76% and a return on equity of 9.82%. The business had revenue of $113.60 million during the quarter, compared to analysts’ expectations of $113.14 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts expect that Vera Bradley will post 0.59 earnings per share for the current year.

In related news, major shareholder Michael C. Ray sold 2,429 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $16.68, for a total value of $40,515.72. Following the completion of the transaction, the insider now directly owns 80,169 shares in the company, valued at approximately $1,337,218.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Anne Marie Ray sold 14,189 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $15.91, for a total transaction of $225,746.99. Following the completion of the transaction, the insider now owns 75,311 shares of the company’s stock, valued at $1,198,198.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,251,314 shares of company stock valued at $18,529,999. Company insiders own 30.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VRA. North Fourth Asset Management LP purchased a new stake in Vera Bradley in the 2nd quarter worth $2,583,000. Bailard Inc. purchased a new stake in Vera Bradley in the 2nd quarter worth $625,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Vera Bradley by 65.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 198,306 shares of the textile maker’s stock worth $2,784,000 after acquiring an additional 78,381 shares in the last quarter. Bank of America Corp DE increased its holdings in Vera Bradley by 851.4% in the 2nd quarter. Bank of America Corp DE now owns 61,147 shares of the textile maker’s stock worth $859,000 after acquiring an additional 54,720 shares in the last quarter. Finally, Mackay Shields LLC increased its holdings in Vera Bradley by 650.9% in the 2nd quarter. Mackay Shields LLC now owns 82,600 shares of the textile maker’s stock worth $1,160,000 after acquiring an additional 71,600 shares in the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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