Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Vera Bradley from a buy rating to a hold rating in a research note on Friday, November 8th. Telsey Advisory Group cut their target price on shares of Vera Bradley from $13.00 to $10.00 and set a market perform rating on the stock in a research note on Thursday, September 5th. Finally, ValuEngine upgraded shares of Vera Bradley from a sell rating to a hold rating in a report on Wednesday, September 11th. Four analysts have rated the stock with a hold rating, Vera Bradley presently has an average rating of Hold and an average price target of $11.00.
NASDAQ VRA traded down $0.09 during trading hours on Wednesday, hitting $11.15. 14,014 shares of the company’s stock were exchanged, compared to its average volume of 335,707. The firm has a market cap of $382.04 million, a price-to-earnings ratio of 18.88 and a beta of 0.85. The stock has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $10.88. The company has a current ratio of 2.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. Vera Bradley has a 1-year low of $7.94 and a 1-year high of $14.51.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). The business had revenue of $119.79 million during the quarter, compared to analyst estimates of $117.35 million. Vera Bradley had a net margin of 3.82% and a return on equity of 6.55%. Vera Bradley’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, sell-side analysts anticipate that Vera Bradley will post 0.89 earnings per share for the current fiscal year.
In related news, major shareholder Thomas Farrell Byrne II sold 35,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $10.73, for a total value of $375,550.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder B. Baekgaard 2009 Gran Barbara sold 28,912 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.91, for a total transaction of $315,429.92. Following the completion of the transaction, the insider now directly owns 2,430,378 shares in the company, valued at approximately $26,515,423.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,787 shares of company stock worth $1,009,312. 27.30% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Aperio Group LLC purchased a new position in shares of Vera Bradley during the second quarter valued at approximately $37,000. Sterling Investment Advisors Ltd. bought a new stake in Vera Bradley during the second quarter worth $48,000. Meeder Asset Management Inc. raised its position in Vera Bradley by 871.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,546 shares of the textile maker’s stock valued at $75,000 after buying an additional 6,769 shares during the last quarter. Mason Street Advisors LLC raised its position in Vera Bradley by 14.8% in the 3rd quarter. Mason Street Advisors LLC now owns 8,016 shares of the textile maker’s stock valued at $81,000 after buying an additional 1,033 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in Vera Bradley during the 1st quarter valued at $100,000. Institutional investors own 68.67% of the company’s stock.
About Vera Bradley
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.
Further Reading: Market Timing
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