Vera Bradley (VRA) Receiving Somewhat Favorable News Coverage, Accern Reports

Media coverage about Vera Bradley (NASDAQ:VRA) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vera Bradley earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 44.9622964795312 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Vera Bradley (NASDAQ VRA) traded up $0.17 on Monday, hitting $7.49. The company’s stock had a trading volume of 473,800 shares, compared to its average volume of 273,223. The firm has a market cap of $270.79, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $15.86.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $112.42 million for the quarter, compared to the consensus estimate of $111.72 million. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. Vera Bradley’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. equities analysts forecast that Vera Bradley will post 0.47 earnings per share for the current fiscal year.

Several research firms have issued reports on VRA. BidaskClub downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. FBR & Co set a $12.00 price target on Vera Bradley and gave the company a “buy” rating in a research note on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.33.

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In related news, major shareholder Michael C. Ray sold 237,500 shares of Vera Bradley stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $8.23, for a total value of $1,954,625.00. Following the sale, the insider now owns 120,712 shares of the company’s stock, valued at $993,459.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kimberly F. Colby sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total value of $1,439,900.00. Following the transaction, the executive vice president now directly owns 21,655 shares in the company, valued at approximately $183,417.85. The disclosure for this sale can be found here. 39.60% of the stock is currently owned by insiders.

Vera Bradley Company Profile

Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

Insider Buying and Selling by Quarter for Vera Bradley (NASDAQ:VRA)

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