BidaskClub upgraded shares of Vera Bradley (NASDAQ:VRA) from a strong sell rating to a sell rating in a research note published on Monday morning.

A number of other research firms have also recently commented on VRA. Robert W. Baird set a $12.00 price objective on Vera Bradley and gave the company a hold rating in a research report on Monday, December 25th. Cowen restated a hold rating and issued a $12.00 price objective on shares of Vera Bradley in a research report on Thursday, December 7th. Jefferies Group restated a hold rating and issued a $11.00 price objective on shares of Vera Bradley in a research report on Thursday, October 12th. Zacks Investment Research upgraded Vera Bradley from a hold rating to a buy rating and set a $8.00 price objective for the company in a research report on Wednesday, November 1st. Finally, B. Riley reiterated a buy rating on shares of Vera Bradley in a research report 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 issued a buy rating to the stock. Vera Bradley has an average rating of Hold and a consensus price target of $11.00.

Shares of Vera Bradley (VRA) opened at $9.56 on Monday. The company has a market capitalization of $339.21, a P/E ratio of 191.20, a PEG ratio of 2.20 and a beta of 0.83. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.83.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the Zacks’ 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 business’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. analysts forecast that Vera Bradley will post 0.58 EPS for the current fiscal year.

In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the sale, the insider now directly owns 32,605 shares in the company, valued at $402,019.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRA. Schwab Charles Investment Management Inc. boosted its stake in Vera Bradley by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the textile maker’s stock worth $779,000 after buying an additional 418 shares during the last quarter. Legal & General Group Plc boosted its stake in Vera Bradley by 8.7% during the second quarter. Legal & General Group Plc now owns 34,978 shares of the textile maker’s stock worth $342,000 after buying an additional 2,811 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Vera Bradley by 0.4% during the second quarter. Principal Financial Group Inc. now owns 143,648 shares of the textile maker’s stock worth $1,405,000 after buying an additional 528 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Vera Bradley by 11.6% during the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock worth $147,000 after buying an additional 1,556 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Vera Bradley by 0.4% during the second quarter. Teachers Advisors LLC now owns 36,670 shares of the textile maker’s stock worth $359,000 after buying an additional 161 shares during the last quarter. 63.13% 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.

Analyst Recommendations for Vera Bradley (NASDAQ:VRA)

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