Press coverage about Vera Bradley (NASDAQ:VRA) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vera Bradley earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 46.7035278180799 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts recently commented on VRA shares. FBR & Co set a $12.00 price objective on shares of Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $10.00 price objective on shares of Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.60.
Vera Bradley (NASDAQ:VRA) traded up 0.59% during trading on Tuesday, reaching $8.47. 320,715 shares of the company’s stock traded hands. Vera Bradley has a 12-month low of $7.70 and a 12-month high of $16.24. The company has a 50 day moving average price of $9.60 and a 200-day moving average price of $9.17. The company has a market cap of $306.22 million, a PE ratio of 23.27 and a beta of 0.90.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The business had revenue of $112.42 million for the quarter, compared to analyst estimates of $111.72 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Vera Bradley will post $0.47 EPS for the current fiscal year.
In other news, major shareholder Michael C. Ray sold 237,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total value of $1,954,625.00. Following the sale, the insider now directly owns 120,712 shares in the company, valued at approximately $993,459.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 40.90% of the stock is currently owned by company insiders.
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About Vera Bradley
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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