Vera Bradley (NASDAQ:VRA – Get Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.
Vera Bradley Stock Performance
Vera Bradley stock traded down $0.03 during midday trading on Friday, hitting $6.44. 269,683 shares of the company were exchanged, compared to its average volume of 247,902. The firm has a market capitalization of $198.29 million, a PE ratio of 25.76 and a beta of 1.89. Vera Bradley has a fifty-two week low of $4.60 and a fifty-two week high of $8.35. The business has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $7.24.
Vera Bradley (NASDAQ:VRA – Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Vera Bradley had a return on equity of 6.69% and a net margin of 1.66%. The firm had revenue of $133.27 million during the quarter, compared to analyst estimates of $136.06 million. As a group, equities analysts expect that Vera Bradley will post 0.63 earnings per share for the current year.
Institutional Trading of Vera Bradley
Several institutional investors and hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. grew its holdings in Vera Bradley by 11.1% during the 4th quarter. Panagora Asset Management Inc. now owns 13,983 shares of the textile maker’s stock valued at $108,000 after buying an additional 1,394 shares during the last quarter. Rhumbline Advisers increased its holdings in Vera Bradley by 4.9% in the third quarter. Rhumbline Advisers now owns 30,115 shares of the textile maker’s stock valued at $199,000 after buying an additional 1,395 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Vera Bradley by 7.8% during the fourth quarter. BNP Paribas Financial Markets now owns 27,698 shares of the textile maker’s stock valued at $213,000 after purchasing an additional 2,016 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Vera Bradley by 11.4% during the first quarter. Citigroup Inc. now owns 21,227 shares of the textile maker’s stock valued at $163,000 after purchasing an additional 2,170 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Vera Bradley by 13.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,809 shares of the textile maker’s stock worth $167,000 after buying an additional 2,524 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.
About Vera Bradley
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 consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.