Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.80 and traded as high as $4.39. Vera Bradley shares last traded at $4.13, with a volume of 369,505 shares changing hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Vera Bradley from a "buy" rating to a "hold" rating in a research note on Saturday. Zacks Research raised shares of Vera Bradley from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vera Bradley currently has an average rating of "Reduce".
Check Out Our Latest Analysis on Vera Bradley
Vera Bradley Stock Up 0.5%
The stock's 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $2.80. The company has a market cap of $117.46 million, a PE ratio of -2.40 and a beta of 1.70.
Vera Bradley (NASDAQ:VRA - Get Free Report) last issued its earnings results on Thursday, March 12th. The textile maker reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.08. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. The business had revenue of $84.89 million for the quarter, compared to the consensus estimate of $79.73 million. Analysts forecast that Vera Bradley, Inc. will post -0.34 EPS for the current year.
Institutional Investors Weigh In On Vera Bradley
A number of large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC grew its holdings in Vera Bradley by 19.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 340,083 shares of the textile maker's stock valued at $823,000 after purchasing an additional 55,120 shares in the last quarter. Impala Asset Management LLC acquired a new position in Vera Bradley during the 4th quarter worth $976,000. Marshall Wace LLP grew its holdings in Vera Bradley by 133.2% during the 4th quarter. Marshall Wace LLP now owns 467,127 shares of the textile maker's stock worth $1,130,000 after acquiring an additional 266,785 shares in the last quarter. State Street Corp grew its holdings in Vera Bradley by 17.2% during the 4th quarter. State Street Corp now owns 103,586 shares of the textile maker's stock worth $251,000 after acquiring an additional 15,200 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Vera Bradley by 161.6% during the 4th quarter. Jane Street Group LLC now owns 294,195 shares of the textile maker's stock worth $712,000 after acquiring an additional 181,750 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.
About Vera Bradley
(
Get Free Report)
Vera Bradley, Inc NASDAQ: VRA is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women's casual and travel needs.
The company's product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.
Further Reading
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