Vera Bradley (NASDAQ:VRA) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Vera Bradley from “hold” to “strong buy,” while MarketBeat’s overall analyst consensus remains “Moderate Buy.” Ratings are mixed, with one analyst issuing a Strong Buy and another assigning a Sell.
• Vera Bradley reported quarterly EPS of $0.11, beating the consensus estimate of a $0.08 loss, while revenue of $71.65 million also exceeded expectations.
• The stock opened at $4.07 and has risen from a 52-week low of $1.39, with institutional investors owning approximately 59.88% of the company’s shares.

Vera Bradley (NASDAQ:VRA - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday, Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Vera Bradley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 19th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Vera Bradley in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Vera Bradley Trading Up 0.7%

Vera Bradley stock opened at $4.07 on Wednesday. Vera Bradley has a 52 week low of $1.39 and a 52 week high of $4.58. The stock has a market cap of $116.77 million, a P/E ratio of -11.00 and a beta of 1.59. The stock has a 50 day moving average of $3.50 and a 200-day moving average of $3.57.

Vera Bradley (NASDAQ:VRA - Get Free Report) last issued its quarterly earnings results on Tuesday, September 15th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.19. Vera Bradley had a negative net margin of 3.66% and a negative return on equity of 3.80%. The business had revenue of $71.65 million during the quarter, compared to analyst estimates of $65.95 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. As a group, equities analysts predict that Vera Bradley will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vera Bradley

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP bought a new position in Vera Bradley in the second quarter worth about $39,000. Algert Global LLC bought a new position in shares of Vera Bradley during the second quarter valued at approximately $51,000. Assenagon Asset Management S.A. acquired a new stake in shares of Vera Bradley during the 2nd quarter worth approximately $158,000. GSA Capital Partners LLP acquired a new stake in shares of Vera Bradley during the 2nd quarter worth approximately $232,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Vera Bradley in the 2nd quarter worth approximately $327,000. Institutional investors and hedge funds own 59.88% of the company's stock.

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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