Vera Bradley (NASDAQ:VRA) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Vera Bradley (NASDAQ:VRA) from a hold rating to a sell rating in a research report released on Sunday.

A number of other equities research analysts also recently weighed in on VRA. Weiss Ratings restated a “sell (d-)” rating on shares of Vera Bradley in a research report on Wednesday, October 8th. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Small Cap Consu upgraded Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Vera Bradley Trading Up 17.9%

NASDAQ VRA opened at $2.57 on Friday. The stock’s 50-day simple moving average is $2.11 and its two-hundred day simple moving average is $2.10. Vera Bradley has a twelve month low of $1.71 and a twelve month high of $5.99. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $71.81 million, a price-to-earnings ratio of -0.73 and a beta of 1.85.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results 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 return on equity of 15.27% and a negative net margin of 32.31%.The business had revenue of $70.86 million for the quarter, compared to the consensus estimate of $78.52 million. During the same quarter last year, the business posted $0.13 earnings per share. Research analysts forecast that Vera Bradley will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its stake in shares of Vera Bradley by 266.8% in the second quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock worth $91,000 after purchasing an additional 29,823 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Vera Bradley by 12.1% in the second quarter. Bridgeway Capital Management LLC now owns 303,938 shares of the textile maker’s stock worth $672,000 after purchasing an additional 32,702 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Vera Bradley by 224.4% in the second quarter. Jane Street Group LLC now owns 185,035 shares of the textile maker’s stock worth $409,000 after purchasing an additional 127,994 shares during the last quarter. RBF Capital LLC bought a new stake in shares of Vera Bradley in the second quarter worth about $221,000. Finally, Jump Financial LLC bought a new stake in shares of Vera Bradley in the second quarter worth about $28,000. 59.88% of the stock is owned by institutional investors.

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.