Press coverage about Vera Bradley (NASDAQ:VRA) has trended positive on Saturday, AlphaOne Sentiment reports. AlphaOne, a division of Accern, ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vera Bradley earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also assigned news coverage about the textile maker an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.
Shares of Vera Bradley (NASDAQ:VRA) traded down 0.69% during midday trading on Friday, hitting $8.61. The stock had a trading volume of 772,860 shares. The firm’s 50-day moving average price is $8.62 and its 200-day moving average price is $10.22. The stock has a market cap of $311.29 million, a price-to-earnings ratio of 23.65 and a beta of 0.84. Vera Bradley has a 1-year low of $7.70 and a 1-year high of $17.20.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $96.10 million during the quarter, compared to analyst estimates of $96.62 million. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. Vera Bradley’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. Analysts forecast that Vera Bradley will post $0.44 earnings per share for the current year.
VRA has been the subject of several research reports. Wunderlich reiterated a “buy” rating and issued a $11.00 target price on shares of Vera Bradley in a research report on Saturday, March 25th. Jefferies Group LLC set a $10.00 target price on Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Cowen and Company reissued a “market perform” rating and issued a $9.00 price target (down previously from $14.00) on shares of Vera Bradley in a research note on Saturday, March 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target (down previously from $14.00) on shares of Vera Bradley in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.80.
In other Vera Bradley news, major shareholder Michael C. Ray sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $9.23, for a total transaction of $184,600.00. Following the completion of the transaction, the insider now owns 191,962 shares of the company’s stock, valued at approximately $1,771,809.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Michael C. Ray sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $9.32, for a total value of $372,800.00. Following the transaction, the insider now directly owns 222,362 shares of the company’s stock, valued at approximately $2,072,413.84. The disclosure for this sale can be found here. Insiders have sold a total of 125,410 shares of company stock valued at $1,154,052 in the last ninety days. 40.90% of the stock is currently owned by corporate insiders.
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.
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