Wunderlich reaffirmed their buy rating on shares of Vera Bradley, Inc. (NASDAQ:VRA) in a research note issued to investors on Saturday morning. The brokerage currently has a $11.00 price objective on the textile maker’s stock.
A number of other research firms have also issued reports on VRA. Cowen and Company set a $18.00 target price on Vera Bradley and gave the company a hold rating in a report on Wednesday, December 7th. Zacks Investment Research upgraded Vera Bradley from a sell rating to a hold rating in a report on Wednesday, December 7th. Finally, Telsey Advisory Group reduced their target price on Vera Bradley from $19.00 to $15.00 and set a market perform rating for the company in a report on Thursday, December 8th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Vera Bradley presently has a consensus rating of Hold and a consensus price target of $13.00.
Shares of Vera Bradley (NASDAQ:VRA) traded down 2.06% on Friday, hitting $9.05. The stock had a trading volume of 192,175 shares. The company has a market cap of $327.43 million, a price-to-earnings ratio of 17.08 and a beta of 0.96. Vera Bradley has a one year low of $8.40 and a one year high of $18.27. The firm’s 50-day moving average is $9.06 and its 200-day moving average is $11.84.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, March 8th. The textile maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Vera Bradley had a return on equity of 11.15% and a net margin of 6.34%. The company earned $134.80 million during the quarter, compared to the consensus estimate of $137.34 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts expect that Vera Bradley will post $0.44 EPS for the current fiscal year.
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In other news, major shareholder Michael C. Ray sold 25,410 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $9.03, for a total value of $229,452.30. Following the sale, the insider now directly owns 210,362 shares of the company’s stock, valued at $1,899,568.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Michael C. Ray sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $9.32, for a total value of $372,800.00. Following the completion of the sale, the insider now directly owns 222,362 shares in the company, valued at $2,072,413.84. The disclosure for this sale can be found here. Insiders have sold 190,410 shares of company stock worth $1,752,002 over the last three months. Company insiders own 40.90% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC bought a new stake in Vera Bradley during the fourth quarter valued at $123,000. First Trust Advisors LP bought a new stake in Vera Bradley during the third quarter valued at $161,000. Fox Run Management L.L.C. bought a new stake in Vera Bradley during the third quarter valued at $176,000. New York State Teachers Retirement System boosted its stake in Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock valued at $143,000 after buying an additional 100 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Vera Bradley during the fourth quarter valued at $162,000. 55.55% of the stock is currently owned by institutional investors.
About Vera Bradley
Vera Bradley, Inc 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. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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