Cowen Lowers Vera Bradley (NASDAQ:VRA) Value Goal to $4.50

Vera Bradley (NASDAQ:VRAGet Ranking) had its worth goal minimize by analysis analysts at Cowen to $4.50 in a report launched on Tuesday, Inventory Goal Advisor studies. Cowen’s worth goal suggests a possible upside of 31.58% from the inventory’s present worth.

Different equities analysts additionally not too long ago issued analysis studies concerning the inventory. StockNews.com downgraded shares of Vera Bradley from a “purchase” score to a “maintain” score in a analysis observe on Friday, June seventeenth. Noble Monetary assumed protection on shares of Vera Bradley in a analysis observe on Thursday, June sixteenth. They set an “outperform” score and a $8.00 goal worth for the corporate. TheStreet downgraded shares of Vera Bradley from a “c” score to a “d+” score in a analysis observe on Tuesday, June twenty first. Lastly, Telsey Advisory Group decreased their worth goal on shares of Vera Bradley from $9.00 to $7.00 and set a “market carry out” score for the corporate in a analysis observe on Thursday, June ninth.

Vera Bradley Buying and selling Down 2.0 %

Vera Bradley inventory traded down $0.07 throughout mid-day buying and selling on Tuesday, reaching $3.42. The corporate had a buying and selling quantity of 14,413 shares, in comparison with its common quantity of 319,693. Vera Bradley has a fifty-two week low of $3.39 and a fifty-two week excessive of $11.13. The corporate has a market cap of $107.59 million, a P/E ratio of -4.12 and a beta of 1.79. The enterprise has a fifty day easy shifting common of $4.41 and a 200 day easy shifting common of $5.94.

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Vera Bradley (NASDAQ:VRAGet Ranking) final issued its earnings outcomes on Wednesday, August thirty first. The textile maker reported $0.08 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.12 by ($0.04). The corporate had income of $130.40 million through the quarter, in comparison with analyst estimates of $132.51 million. Vera Bradley had a detrimental internet margin of 5.03% and a optimistic return on fairness of two.64%. The enterprise’s quarterly income was down 11.3% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.28 EPS. Analysis analysts forecast that Vera Bradley will put up 0.2 EPS for the present 12 months.

Institutional Buying and selling of Vera Bradley

A lot of hedge funds and different institutional buyers have not too long ago purchased and bought shares of the corporate. Y Intercept Hong Kong Ltd purchased a brand new place in shares of Vera Bradley within the 2nd quarter price $79,000. American Century Corporations Inc. purchased a brand new place in shares of Vera Bradley within the 1st quarter price $80,000. Virtu Monetary LLC purchased a brand new place in shares of Vera Bradley within the 2nd quarter price $118,000. Prelude Capital Administration LLC purchased a brand new place in shares of Vera Bradley within the 2nd quarter price $125,000. Lastly, Engineers Gate Supervisor LP elevated its holdings in shares of Vera Bradley by 48.3% within the 1st quarter. Engineers Gate Supervisor LP now owns 18,369 shares of the textile maker’s inventory price $141,000 after shopping for a further 5,985 shares over the past quarter. Institutional buyers personal 64.77% of the corporate’s inventory.

About Vera Bradley

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Vera Bradley, Inc, along with its subsidiaries, designs, manufactures, and sells girls’s purses, baggage and journey gadgets, vogue and residential equipment, and items. It operates by three segments: Vera Bradley Direct, Vera Bradley Oblique, and Pura Vida. The corporate affords bag merchandise, equivalent to totes, crossbodies, satchels, clutches, backpacks, child baggage, and lunch baggage; equipment, together with wallets, wristlets, eyeglass circumstances, scarves, and numerous expertise equipment; bracelets, rings, and necklaces beneath Pura Vida model identify; and journey merchandise consisting of rolling baggage, cosmetics, and journey and packing equipment, in addition to journey baggage comprising duffel and weekend baggage.

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