BidaskClub upgraded shares of Vera Bradley (NASDAQ:VRA) from a hold rating to a buy rating in a research note published on Wednesday morning.

VRA has been the subject of several other research reports. Zacks Investment Research lowered Vera Bradley from a buy rating to a hold rating in a research report on Thursday, August 9th. Telsey Advisory Group lifted their price target on Vera Bradley from $11.00 to $15.00 and gave the stock a market perform rating in a research report on Thursday, June 7th. Finally, ValuEngine upgraded Vera Bradley from a hold rating to a buy rating in a research report on Thursday, May 17th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $12.50.

Shares of Vera Bradley stock opened at $14.99 on Wednesday. The stock has a market cap of $542.04 million, a PE ratio of 25.02 and a beta of 0.48. Vera Bradley has a twelve month low of $6.99 and a twelve month high of $15.47.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, June 6th. The textile maker reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $86.60 million during the quarter, compared to analyst estimates of $86.21 million. Vera Bradley had a return on equity of 8.27% and a net margin of 2.18%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. sell-side analysts forecast that Vera Bradley will post 0.49 EPS for the current year.

In related news, major shareholder Anne Marie Ray sold 14,189 shares of Vera Bradley stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $13.39, for a total value of $189,990.71. Following the completion of the transaction, the insider now owns 89,885 shares in the company, valued at $1,203,560.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael C. Ray sold 33,236 shares of Vera Bradley stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $14.93, for a total value of $496,213.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,189,700 shares of company stock valued at $17,109,961. 30.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Vera Bradley by 10.3% in the second quarter. Legal & General Group Plc now owns 37,965 shares of the textile maker’s stock worth $541,000 after acquiring an additional 3,554 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Vera Bradley by 25.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,830 shares of the textile maker’s stock worth $363,000 after purchasing an additional 5,966 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Vera Bradley in the second quarter worth about $112,000. SG Americas Securities LLC bought a new stake in Vera Bradley in the second quarter worth about $142,000. Finally, MetLife Investment Advisors LLC bought a new stake in Vera Bradley in the fourth quarter worth about $125,000. Institutional investors own 72.47% of the company’s stock.

Vera Bradley Company Profile

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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Analyst Recommendations for Vera Bradley (NASDAQ:VRA)

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