Vera Bradley’s (VRA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Vera Bradley (NASDAQ:VRA) in a research note published on Friday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Small Cap Consu raised shares of Vera Bradley to a “hold” rating in a research note on Monday, August 18th. Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Vera Bradley Stock Down 1.3%

VRA opened at $2.24 on Friday. Vera Bradley has a fifty-two week low of $1.71 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.76 and a current ratio of 2.43. The company has a fifty day moving average of $2.10 and a two-hundred day moving average of $2.10. The stock has a market capitalization of $62.59 million, a price-to-earnings ratio of -0.64 and a beta of 1.85.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Thursday, September 11th. The textile maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. The company had revenue of $70.86 million during the quarter, compared to analysts’ expectations of $78.52 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, research analysts expect that Vera Bradley will post -0.25 earnings per share for the current year.

Institutional Trading of Vera Bradley

Large investors have recently bought and sold shares of the business. Peapod Lane Capital LLC grew its stake in Vera Bradley by 87.6% during the 1st quarter. Peapod Lane Capital LLC now owns 870,156 shares of the textile maker’s stock valued at $1,958,000 after acquiring an additional 406,333 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Vera Bradley by 5.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock valued at $305,000 after acquiring an additional 7,478 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Vera Bradley by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 7,747 shares in the last quarter. Nuveen LLC purchased a new stake in Vera Bradley during the 1st quarter valued at about $110,000. Finally, Belpointe Asset Management LLC purchased a new stake in Vera Bradley during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.