Vera Bradley (VRA) Shares Up 5.4%

Vera Bradley, Inc. (NASDAQ:VRA) shot up 5.4% during trading on Friday . The stock traded as high as $12.61 and last traded at $12.43. 1,468,498 shares traded hands during trading, an increase of 282% from the average session volume of 384,044 shares. The stock had previously closed at $11.79.

Several brokerages recently commented on VRA. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp reiterated a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Finally, Robert W. Baird set a $11.00 price target on shares of Vera Bradley and gave the stock a “hold” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.86.

The firm has a market capitalization of $441.05, a P/E ratio of 22.60, a P/E/G ratio of 2.14 and a beta of 1.10.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $114.10 million for the quarter, compared to analyst estimates of $114.55 million. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. Vera Bradley’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. analysts predict that Vera Bradley, Inc. will post 0.58 earnings per share for the current year.

In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total value of $1,439,900.00. Following the transaction, the executive vice president now directly owns 21,655 shares in the company, valued at $183,417.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRA. Teton Advisors Inc. purchased a new stake in shares of Vera Bradley in the second quarter valued at about $102,000. LMR Partners LLP purchased a new stake in shares of Vera Bradley in the second quarter valued at about $115,000. Voya Investment Management LLC boosted its holdings in shares of Vera Bradley by 29.4% in the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 3,014 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 157 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Vera Bradley by 14.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,943 shares in the last quarter. Institutional investors own 61.87% of the company’s stock.

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Vera Bradley Company Profile

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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