Vera Bradley, Inc. (VRA) Receives Hold Rating from KeyCorp

KeyCorp reaffirmed their hold rating on shares of Vera Bradley, Inc. (NASDAQ:VRA) in a research report report published on Friday.

VRA has been the subject of a number of other reports. Jefferies Group LLC set a $10.00 price target on Vera Bradley and gave the company a hold rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered Vera Bradley from a hold rating to a sell rating in a research report on Saturday, May 6th. FBR & Co restated an outperform rating and issued a $12.00 price target on shares of Vera Bradley in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Vera Bradley from a hold rating to a sell rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Vera Bradley has an average rating of Hold and a consensus price target of $11.83.

Vera Bradley (NASDAQ VRA) traded up 3.29% during mid-day trading on Friday, reaching $10.04. The company had a trading volume of 193,132 shares. Vera Bradley has a 1-year low of $7.70 and a 1-year high of $17.20. The company has a market capitalization of $362.99 million, a PE ratio of 27.58 and a beta of 0.87. The firm has a 50-day moving average of $9.70 and a 200 day moving average of $9.29.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The business had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $96.62 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that Vera Bradley will post $0.44 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oxford Asset Management raised its position in shares of Vera Bradley by 149.4% in the first quarter. Oxford Asset Management now owns 218,721 shares of the textile maker’s stock valued at $2,036,000 after buying an additional 131,030 shares during the last quarter. Norges Bank acquired a new position in shares of Vera Bradley during the fourth quarter valued at $3,847,000. Comerica Bank raised its position in shares of Vera Bradley by 1.6% in the first quarter. Comerica Bank now owns 21,265 shares of the textile maker’s stock valued at $197,000 after buying an additional 335 shares during the last quarter. Airain ltd acquired a new position in shares of Vera Bradley during the first quarter valued at $207,000. Finally, Baird Financial Group Inc. raised its position in shares of Vera Bradley by 212.1% in the first quarter. Baird Financial Group Inc. now owns 92,026 shares of the textile maker’s stock valued at $857,000 after buying an additional 62,536 shares during the last quarter. Institutional investors own 56.87% of the company’s stock.

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.