Zacks downgraded shares of Vera Bradley (NYSE:VRA) from a neutral rating to an underperform rating in a report issued on Monday. They currently have $22.00 target price on the stock.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a neutral rating on shares of Vera Bradley in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $29.00. Separately, analysts at Telsey Advisory Group cut their price target on shares of Vera Bradley from $35.00 to $32.00 in a research note on Friday. They now have a not rated rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Vera Bradley from $33.00 to $30.00 in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $27.00.
In other Vera Bradley news, major shareholder Michael C. Ray sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.64, for a total transaction of $246,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Vera Bradley (NYSE:VRA) opened at 23.31 on Monday. Vera Bradley has a one year low of $17.27 and a one year high of $30.00. The stock has a 50-day moving average of $27.59 and a 200-day moving average of $25.92. The company has a market cap of $947.3 million and a price-to-earnings ratio of 16.72.
Vera Bradley (NYSE:VRA) last released its earnings data on Thursday, June 5th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $118.41 million. During the same quarter last year, the company posted $0.23 earnings per share. Vera Bradley’s revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that Vera Bradley will post $1.07 earnings per share for the current fiscal year.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
To view Zacks’ full report, visit Zacks’ official website.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.