TheStreet dropped shares of Vera Bradley (NASDAQ:VRA – Get Ranked) from ac rating to d+ rating in a research report released Tuesday morning, reports TheStreetRatingsTable.
Several other analysts have also recently published reports on the VRA. Telsey Advisory Group lowered its price target for Vera Bradley from $9.00 to $7.00 and set a market performance rating for the stock in a report on Thursday, June 9. Noble Financial took over Vera Bradley’s coverage in a report on Thursday, June 16th. They issued a top performance rating and an $8.00 target price for the stock. Finally, StockNews.com cut Vera Bradley from a buy rating to a hold rating in a report on Friday, June 17th. Three equity research analysts rated the stock a hold rating and one gave the company a buy rating. Based on MarketBeat data, the company currently has a consensus rating of Hold and a consensus price target of $9.00.
NASDAQ:VRA shares opened at $4.77 on Tuesday. The company has a market capitalization of $150.05 million, a PE ratio of 12.89 and a beta of 1.78. The deal has a fifty-day moving average price of $6.07 and a two-hundred-day moving average price of $7.29. Vera Bradley has a 1-year low of $4.28 and a 1-year high of $12.58.
Vera Bradley (NASDAQ:VRA – Get Rating) last released her quarterly results on Wednesday, June 8. The textile maker reported ($0.19) EPS for the quarter, missing analyst consensus estimates of ($0.16) by ($0.03). Vera Bradley had a net margin of 2.46% and a return on equity of 4.74%. The company had revenue of $98.50 million in the quarter, compared with analysts’ expectations of $109.87 million. During the same period last year, the company earned ($0.05) EPS. The company’s quarterly revenue was down 9.7% on an annual basis. On average, sell-side analysts predict that Vera Bradley will post 0.42 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of stocks. Metropolitan Life Insurance Co NY purchased a new stake in Vera Bradley in Q3 for approximately $69,000. American Century Companies Inc. purchased a new stake in Vera Bradley in Q1 for approximately $80,000. The Maryland State Retirement & Pension System purchased a new position in Vera Bradley stock in Q4, valued at approximately $86,000. Allspring Global Investments Holdings LLC acquired a new equity position in Vera Bradley in Q4 valued at approximately $91,000. Finally, Voya Investment Management LLC acquired a new position in Vera Bradley stock in the 3rd quarter valued at approximately $96,000. Institutional investors and hedge funds own 70.79% of the company’s shares.
About Vera Bradley (Get Rating)
Vera Bradley, Inc, along with its subsidiaries, designs, manufactures and sells women’s bags, luggage and travel items, fashion and home accessories and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect and Pura Vida. The company offers handbag products, such as tote bags, crossbodies, backpacks, clutches, backpacks, baby bags and lunch boxes; accessories, including wallets, bracelets, eyeglass cases, scarves and various technological accessories; Pura Vida brand bracelets, rings and necklaces; and travel products consisting of suitcases, cosmetics and travel and packaging accessories, as well as suitcases consisting of backpacks and weekend bags.
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