Vera Bradley (NASDAQ:VRA) Lowered to Sell at ValuEngine

Vera Bradley (NASDAQ:VRA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, ValuEngine reports.

VRA has been the topic of several other reports. Telsey Advisory Group lowered their target price on shares of Vera Bradley from $13.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, September 5th. Zacks Investment Research cut Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, BidaskClub downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Vera Bradley presently has a consensus rating of “Hold” and a consensus target price of $11.00.

NASDAQ:VRA opened at $11.62 on Friday. Vera Bradley has a 52 week low of $7.94 and a 52 week high of $14.51. The firm has a market cap of $382.04 million, a price-to-earnings ratio of 19.69 and a beta of 0.85. The firm’s 50-day simple moving average is $11.11 and its 200 day simple moving average is $10.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 2.15.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Vera Bradley had a net margin of 3.82% and a return on equity of 6.55%. The business had revenue of $119.79 million during the quarter, compared to the consensus estimate of $117.35 million. During the same period in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that Vera Bradley will post 0.89 EPS for the current year.

In other news, major shareholder B. Baekgaard 2009 Gran Barbara sold 28,912 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $10.91, for a total transaction of $315,429.92. Following the completion of the sale, the insider now owns 2,430,378 shares of the company’s stock, valued at approximately $26,515,423.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Thomas Farrell Byrne II sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.73, for a total transaction of $375,550.00. The disclosure for this sale can be found here. Insiders sold 91,787 shares of company stock worth $1,009,312 in the last 90 days. 27.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VRA. Aperio Group LLC bought a new stake in Vera Bradley during the second quarter worth $37,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Vera Bradley during the 2nd quarter worth $48,000. Meeder Asset Management Inc. raised its holdings in shares of Vera Bradley by 871.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,546 shares of the textile maker’s stock worth $75,000 after buying an additional 6,769 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Vera Bradley by 14.8% during the 3rd quarter. Mason Street Advisors LLC now owns 8,016 shares of the textile maker’s stock worth $81,000 after buying an additional 1,033 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of Vera Bradley during the 1st quarter worth $100,000. Institutional investors and hedge funds own 68.67% of the company’s stock.

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 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.

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