Vera Bradley (NASDAQ:VRA) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Vera Bradley shares crossed above their 200-day moving average, reaching $5.14 and closing at $5.11, compared with a 200-day average of $3.64.
• The company’s latest quarterly results beat expectations, reporting adjusted EPS of $0.11 versus a projected loss of $0.08 and revenue of $71.65 million against the $65.95 million consensus estimate.
• Analyst sentiment is mixed but leans positive overall: Zacks Research and Wall Street Zen upgraded the stock to “strong buy,” while Weiss Ratings maintained a “sell” rating; MarketBeat classifies the consensus as “Moderate Buy.”

Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.64 and traded as high as $5.14. Vera Bradley shares last traded at $5.11, with a volume of 450,238 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on VRA shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Vera Bradley in a research report on Friday, September 11th. Zacks Research raised shares of Vera Bradley from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 23rd. Finally, Wall Street Zen upgraded shares of Vera Bradley from a "hold" rating to a "strong-buy" rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

Vera Bradley Stock Up 2.6%

The stock has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.64. The firm has a market cap of $146.61 million, a price-to-earnings ratio of -13.81 and a beta of 1.50.

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 for the quarter, topping the consensus estimate of ($0.08) by $0.19. Vera Bradley had a negative return on equity of 3.80% and a negative net margin of 3.66%.The firm had revenue of $71.65 million during the quarter, compared to the consensus estimate of $65.95 million. During the same period last year, the company earned ($0.17) earnings per share. As a group, research analysts expect that Vera Bradley, Inc. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VRA. Engineers Gate Manager LP acquired a new stake in Vera Bradley in the second quarter valued at about $39,000. Algert Global LLC acquired a new position in Vera Bradley during the 2nd quarter worth approximately $51,000. Assenagon Asset Management S.A. acquired a new position in Vera Bradley during the 2nd quarter worth approximately $158,000. GSA Capital Partners LLP purchased a new position in shares of Vera Bradley during the 2nd quarter worth approximately $232,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Vera Bradley during the 2nd quarter worth approximately $327,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

About Vera Bradley

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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