Vera Bradley (NASDAQ:VRA – Get 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.
Vera Bradley (NASDAQ:VRA – Get 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
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.
Really useful Tales
This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to firstname.lastname@example.org.
Earlier than you contemplate Vera Bradley, you may wish to hear this.
MarketBeat retains observe of Wall Road’s top-rated and greatest performing analysis analysts and the shares they suggest to their shoppers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Vera Bradley wasn’t on the record.
Whereas Vera Bradley at the moment has a “Reasonable Purchase” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.