Vera Bradley Inc. (NASDAQ:VRA)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a note issued to investors on Thursday.
Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Robert W. Baird restated a “neutral” rating and issued a $18.00 price target on shares of Vera Bradley in a research note on Sunday, September 4th. Cowen and Company restated a “market perform” rating and issued a $18.00 price target on shares of Vera Bradley in a research note on Sunday, September 4th. Finally, Wunderlich cut their price target on Vera Bradley from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.75.
Shares of Vera Bradley (NASDAQ:VRA) opened at 14.70 on Thursday. The company has a market capitalization of $537.80 million, a price-to-earnings ratio of 16.57 and a beta of 1.28. The stock has a 50 day moving average price of $15.56 and a 200 day moving average price of $15.78. Vera Bradley has a 1-year low of $10.41 and a 1-year high of $20.69.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business earned $119.20 million during the quarter. Vera Bradley had a return on equity of 12.34% and a net margin of 6.63%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. On average, equities analysts anticipate that Vera Bradley will post $0.90 EPS for the current fiscal year.
In other news, major shareholder Michael C. Ray sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $14.54, for a total transaction of $157,032.00. Following the transaction, the insider now directly owns 289,662 shares in the company, valued at approximately $4,211,685.48. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $15.71, for a total value of $25,136.00. Following the transaction, the insider now owns 282,262 shares in the company, valued at $4,434,336.02. The disclosure for this sale can be found here. Insiders own 40.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund bought a new position in shares of Vera Bradley during the first quarter valued at $321,000. Prudential Financial Inc. acquired a new position in Vera Bradley during the first quarter worth approximately $1,002,000. BlackRock Fund Advisors boosted its position in Vera Bradley by 143.6% in the first quarter. BlackRock Fund Advisors now owns 1,349,293 shares of the company’s stock worth $27,445,000 after buying an additional 795,475 shares in the last quarter. AXA acquired a new position in Vera Bradley during the first quarter worth approximately $1,534,000. Finally, Geode Capital Management LLC boosted its position in Vera Bradley by 1.2% in the first quarter. Geode Capital Management LLC now owns 145,791 shares of the company’s stock worth $2,964,000 after buying an additional 1,720 shares in the last quarter. Institutional investors and hedge funds own 55.34% of the company’s stock.
About Vera Bradley