Vera Bradley (VRA) Shares Down 6.1%

Vera Bradley, Inc. (NASDAQ:VRA) fell 6.1% during mid-day trading on Wednesday . The stock traded as low as $11.66 and last traded at $11.81. 602,804 shares traded hands during trading, an increase of 1% from the average session volume of 597,052 shares. The stock had previously closed at $12.58.

Several brokerages have recently issued reports on VRA. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the company a “hold” rating in a report on Thursday, December 7th. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. 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. Zacks Investment Research upgraded 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. Finally, Cowen reissued a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.00.

The firm has a market capitalization of $419.05, a P/E ratio of 236.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The business had revenue of $114.10 million for the quarter, compared to the consensus estimate of $114.55 million. During the same period last year, the business earned $0.20 EPS. The firm’s revenue was down 9.9% compared to the same quarter last year. equities research analysts predict that Vera Bradley, Inc. will post 0.58 earnings per share for the current fiscal year.

In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the firm’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 value of $151,560.36. Following the transaction, the insider now directly owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of VRA. Morgan Stanley increased its position in Vera Bradley by 20.6% in the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock worth $1,259,000 after buying an additional 23,101 shares during the period. Russell Investments Group Ltd. increased its position in Vera Bradley by 25.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock worth $658,000 after buying an additional 13,700 shares during the period. Schwab Charles Investment Management Inc. increased its position in Vera Bradley by 0.5% in the 2nd 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 period. Rhumbline Advisers increased its position in Vera Bradley by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 40,155 shares of the textile maker’s stock worth $393,000 after buying an additional 990 shares during the period. Finally, Legal & General Group Plc increased its position in Vera Bradley by 8.7% in the 2nd 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 period. 63.00% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Vera Bradley (VRA) Shares Down 6.1%” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2018/01/03/vera-bradley-vra-shares-down-6-1.html.

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.

Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit