Vera Bradley (NASDAQ:VRA) Trading 7.5% Higher

Vera Bradley, Inc. (NASDAQ:VRA)’s share price traded up 7.5% during trading on Thursday . The company traded as high as $6.63 and last traded at $6.57. 532,114 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 404,631 shares. The stock had previously closed at $6.11.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Thursday, September 10th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, September 8th. Finally, ValuEngine lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.67.

The firm has a market cap of $219.50 million, a P/E ratio of 50.00 and a beta of 1.63. The business’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $5.06. The company has a current ratio of 3.17, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.39. The business had revenue of $131.77 million for the quarter, compared to the consensus estimate of $100.48 million. Vera Bradley had a net margin of 0.92% and a return on equity of 7.43%. Vera Bradley’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Research analysts predict that Vera Bradley, Inc. will post 0.68 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Vera Bradley by 275.7% in the 1st quarter. Wells Fargo & Company MN now owns 156,639 shares of the textile maker’s stock worth $645,000 after acquiring an additional 114,943 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Vera Bradley in the 2nd quarter worth $703,000. Deutsche Bank AG grew its position in Vera Bradley by 287.7% in the 1st quarter. Deutsche Bank AG now owns 76,984 shares of the textile maker’s stock worth $317,000 after purchasing an additional 57,129 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Vera Bradley in the 1st quarter worth $50,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Vera Bradley in the 2nd quarter worth $117,000. Hedge funds and other institutional investors own 58.04% of the company’s stock.

Vera Bradley Company Profile (NASDAQ:VRA)

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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

Read More: Initial Coin Offering (ICO)

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