Vera Bradley (NASDAQ:VRA) Stock Rating Reaffirmed by Telsey Advisory Group

Vera Bradley (NASDAQ:VRA)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued on Monday, Zacks.com reports.

Several other research analysts also recently weighed in on VRA. ValuEngine raised shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a research report on Friday, February 21st. Zacks Investment Research downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. BidaskClub downgraded shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 5th. Finally, Cowen raised shares of Vera Bradley from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Vera Bradley presently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of NASDAQ VRA traded down $0.40 during midday trading on Monday, reaching $8.06. The company’s stock had a trading volume of 348,248 shares, compared to its average volume of 201,794. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $10.16 and a 200 day moving average price of $10.61. Vera Bradley has a one year low of $8.01 and a one year high of $14.51. The company has a market cap of $289.16 million, a price-to-earnings ratio of 23.04 and a beta of 0.86.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, December 11th. The textile maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Vera Bradley had a net margin of 2.67% and a return on equity of 7.46%. The business had revenue of $127.50 million for the quarter, compared to the consensus estimate of $124.48 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. Research analysts anticipate that Vera Bradley will post 0.92 earnings per share for the current fiscal year.

In other Vera Bradley news, Director P. Michael Miller bought 883,340 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of $11.75 per share, with a total value of $10,379,245.00. Following the completion of the transaction, the director now directly owns 3,907,467 shares of the company’s stock, valued at approximately $45,912,737.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Thomas Farrell Byrne II sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.73, for a total transaction of $375,550.00. The disclosure for this sale can be found here. Insiders own 27.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Zebra Capital Management LLC acquired a new stake in shares of Vera Bradley in the fourth quarter worth $137,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vera Bradley in the fourth quarter worth $269,000. Goldman Sachs Group Inc. lifted its stake in shares of Vera Bradley by 33.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 92,050 shares of the textile maker’s stock worth $1,086,000 after buying an additional 23,211 shares during the last quarter. UBS Group AG lifted its stake in shares of Vera Bradley by 164.8% in the fourth quarter. UBS Group AG now owns 28,281 shares of the textile maker’s stock worth $334,000 after buying an additional 17,602 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vera Bradley in the fourth quarter worth $185,000. 65.09% of the stock is owned by institutional investors.

Vera Bradley Company Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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