Vera Bradley (NASDAQ:VRA) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Vera Bradley's stock price recently crossed above its 200-day moving average, reaching a high of $2.23, though it last traded at $2.09.
• Analysts have mixed views on the stock, with Zacks and Small Cap Consu upgrading it to a "hold" rating, while Weiss Ratings maintains a "sell" rating.
• The company reported a loss of ($0.02) EPS for its last quarter, surpassing estimates, but reported lower revenue compared to expectations.

Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.10 and traded as high as $2.23. Vera Bradley shares last traded at $2.09, with a volume of 99,037 shares trading hands.

Analyst Upgrades and Downgrades

VRA has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Vera Bradley from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Small Cap Consu raised shares of Vera Bradley to a "hold" rating in a research note on Monday, August 18th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Vera Bradley in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vera Bradley presently has a consensus rating of "Reduce".

Vera Bradley Stock Down 5.0%

The company has a market cap of $58.39 million, a PE ratio of -0.59 and a beta of 1.85. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The company's 50 day moving average is $2.06 and its 200 day moving average is $2.10.

Vera Bradley (NASDAQ:VRA - Get Free Report) last released its earnings results on Thursday, September 11th. The textile maker reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.13. The company had revenue of $70.86 million during the quarter, compared to analysts' expectations of $78.52 million. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. During the same period last year, the business earned $0.13 EPS. As a group, analysts predict that Vera Bradley, Inc. will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Peapod Lane Capital LLC increased its stake in shares of Vera Bradley by 87.6% during the first quarter. Peapod Lane Capital LLC now owns 870,156 shares of the textile maker's stock worth $1,958,000 after buying an additional 406,333 shares during the period. Marshall Wace LLP purchased a new position in Vera Bradley in the second quarter worth $363,000. Jane Street Group LLC increased its position in shares of Vera Bradley by 224.4% in the second quarter. Jane Street Group LLC now owns 185,035 shares of the textile maker's stock valued at $409,000 after buying an additional 127,994 shares in the last quarter. RBF Capital LLC purchased a new stake in Vera Bradley during the 2nd quarter worth about $221,000. Finally, XTX Topco Ltd acquired a new stake in Vera Bradley in the 2nd quarter worth about $126,000. Institutional investors and hedge funds own 59.88% of the company's stock.

Vera Bradley Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.