Trading Report: Today, Vera Bradley Inc. (VRA) Receives Consensus Rating of “Hold” from Analysts

Today, Vera Bradley Inc. (VRA) Receives Consensus Rating of “Hold” from Analysts

Shares of Vera Bradley Inc. (NASDAQ:VRA) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.60.

Several equities analysts recently issued reports on VRA shares. Wunderlich cut their price target on shares of Vera Bradley from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 11th. KeyCorp restated a “hold” rating on shares of Vera Bradley in a research report on Thursday, October 6th. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday. Cowen and Company restated a “market perform” rating and issued a $18.00 price objective on shares of Vera Bradley in a research report on Sunday, September 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $18.00 price objective on shares of Vera Bradley in a research report on Sunday, September 4th.

In related news, major shareholder Michael C. Ray sold 10,800 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $15.97, for a total transaction of $172,476.00. Following the completion of the transaction, the insider now owns 285,462 shares in the company, valued at $4,558,828.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $15.71, for a total transaction of $25,136.00. Following the transaction, the insider now owns 282,262 shares of the company’s stock, valued at approximately $4,434,336.02. The disclosure for this sale can be found here. Insiders own 40.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its position in shares of Vera Bradley by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,200 shares of the company’s stock worth $102,000 after buying an additional 700 shares in the last quarter. Capstone Asset Management Co. bought a new position in shares of Vera Bradley during the second quarter worth $142,000. New York State Teachers Retirement System raised its position in shares of Vera Bradley by 43.6% in the second quarter. New York State Teachers Retirement System now owns 10,532 shares of the company’s stock worth $149,000 after buying an additional 3,200 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Vera Bradley during the third quarter worth $155,000. Finally, First Trust Advisors LP bought a new position in shares of Vera Bradley during the third quarter worth $161,000. Hedge funds and other institutional investors own 54.11% of the company’s stock.

Vera Bradley (NASDAQ:VRA) traded up 0.84% during mid-day trading on Friday, reaching $15.56. 41,493 shares of the company traded hands. The firm has a market cap of $569.26 million, a PE ratio of 17.54 and a beta of 1.06. The stock’s 50-day moving average price is $14.17 and its 200-day moving average price is $14.84. Vera Bradley has a one year low of $11.10 and a one year high of $20.69.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company earned $119.20 million during the quarter. Vera Bradley had a net margin of 6.63% and a return on equity of 12.34%. During the same period in the previous year, the business posted $0.15 earnings per share. Vera Bradley’s revenue was down 1.2% on a year-over-year basis. Analysts forecast that Vera Bradley will post $0.90 earnings per share for the current fiscal year.

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