Vera Bradley, Inc. (VRA) Receives $14.25 Average PT from Analysts

Vera Bradley, Inc. (NASDAQ:VRA) has received an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.25.

Several brokerages have weighed in on VRA. TheStreet raised shares of Vera Bradley from a “c” rating to a “b” rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Saturday, September 8th. BidaskClub raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Telsey Advisory Group upped their price objective on shares of Vera Bradley from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, September 6th.

In other Vera Bradley news, major shareholder Michael C. Ray sold 2,429 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $16.68, for a total transaction of $40,515.72. Following the sale, the insider now directly owns 80,169 shares of the company’s stock, valued at $1,337,218.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director P. Michael Miller sold 600,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $15.09, for a total transaction of $9,054,000.00. Following the sale, the director now directly owns 85,156 shares in the company, valued at $1,285,004.04. The disclosure for this sale can be found here. Insiders have sold 1,267,932 shares of company stock worth $18,988,531 over the last ninety days. Insiders own 30.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Vera Bradley by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,986,249 shares of the textile maker’s stock valued at $31,684,000 after purchasing an additional 214,334 shares during the last quarter. BlackRock Inc. grew its stake in shares of Vera Bradley by 10.3% during the second quarter. BlackRock Inc. now owns 2,959,621 shares of the textile maker’s stock valued at $41,553,000 after purchasing an additional 276,112 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Vera Bradley by 185.7% during the third quarter. Acadian Asset Management LLC now owns 580,740 shares of the textile maker’s stock valued at $8,861,000 after purchasing an additional 377,452 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Vera Bradley during the third quarter valued at approximately $7,181,000. Finally, Royce & Associates LP grew its stake in shares of Vera Bradley by 3.3% during the second quarter. Royce & Associates LP now owns 462,800 shares of the textile maker’s stock valued at $6,498,000 after purchasing an additional 15,000 shares during the last quarter. 69.77% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ VRA traded up $0.31 on Thursday, reaching $13.50. The company’s stock had a trading volume of 381,049 shares, compared to its average volume of 419,263. The stock has a market cap of $477.32 million, a P/E ratio of 17.31 and a beta of 0.48. Vera Bradley has a 52 week low of $6.99 and a 52 week high of $17.38.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, September 5th. The textile maker reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The business had revenue of $113.60 million for the quarter, compared to analysts’ expectations of $113.14 million. Vera Bradley had a net margin of 3.76% and a return on equity of 9.82%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, equities analysts predict that Vera Bradley will post 0.59 EPS for the current year.

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.

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