Vera Bradley (NASDAQ:VRA – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Vera Bradley in a report on Friday, September 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vera Bradley has a consensus rating of “Reduce”.
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Vera Bradley Stock Performance
Vera Bradley (NASDAQ:VRA – Get Free Report) last posted its quarterly earnings results on Tuesday, September 15th. The textile maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.19. The firm had revenue of $71.65 million during the quarter, compared to the consensus estimate of $65.95 million. Vera Bradley had a negative return on equity of 3.80% and a negative net margin of 3.66%.During the same period last year, the company earned ($0.17) earnings per share. On average, research analysts forecast that Vera Bradley will post -0.28 earnings per share for the current year.
Institutional Investors Weigh In On Vera Bradley
Hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in Vera Bradley in the 2nd quarter worth about $39,000. Algert Global LLC acquired a new position in shares of Vera Bradley during the 2nd quarter worth approximately $51,000. Renaissance Technologies LLC grew its position in shares of Vera Bradley by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 221,716 shares of the textile maker’s stock worth $701,000 after purchasing an additional 14,500 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Vera Bradley during the second quarter worth approximately $158,000. Finally, GSA Capital Partners LLP bought a new position in shares of Vera Bradley during the second quarter worth approximately $232,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.
Vera Bradley Company Profile
Vera Bradley, Inc is a lifestyle and accessories company best known for its colorful, patterned handbags and travel products. Its merchandise includes totes, crossbody bags, backpacks, wallets, accessories, luggage, apparel, home goods and gifts, with collections designed for everyday use, travel and personal style.
The company operates primarily through the Vera Bradley brand and Pura Vida, a lifestyle brand offering bracelets, jewelry, accessories and related products. Vera Bradley sells its products through company-operated stores, outlet locations, e-commerce websites and wholesale partners, including specialty retailers and department stores.
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