StockNews.com upgraded shares of Vera Bradley (NASDAQ:VRA - Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday.
Vera Bradley Price Performance
VRA stock traded down $0.01 during trading hours on Thursday, reaching $7.76. 208,970 shares of the stock were exchanged, compared to its average volume of 289,415. The company has a market cap of $238.67 million, a price-to-earnings ratio of 31.04 and a beta of 1.89. The firm's 50-day moving average is $6.73 and its 200-day moving average is $7.26. Vera Bradley has a 12 month low of $4.60 and a 12 month high of $8.35.
Vera Bradley (NASDAQ:VRA - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The firm had revenue of $133.27 million for the quarter, compared to the consensus estimate of $136.06 million. Vera Bradley had a return on equity of 6.69% and a net margin of 1.66%. As a group, equities research analysts forecast that Vera Bradley will post 0.63 earnings per share for the current year.
Hedge Funds Weigh In On Vera Bradley
Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of Vera Bradley by 53.9% in the third quarter. Bank of New York Mellon Corp now owns 194,830 shares of the textile maker's stock valued at $1,288,000 after acquiring an additional 68,199 shares during the last quarter. Strs Ohio increased its position in shares of Vera Bradley by 38.6% in the third quarter. Strs Ohio now owns 78,700 shares of the textile maker's stock valued at $520,000 after acquiring an additional 21,900 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vera Bradley in the third quarter valued at about $44,000. Panagora Asset Management Inc. acquired a new stake in shares of Vera Bradley in the third quarter valued at about $83,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Vera Bradley in the third quarter valued at about $473,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.
About Vera Bradley
(
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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.
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