Vera Bradley (NASDAQ:VRA) downgraded TheStreet to D+

Vera Bradley (NASDAQ: VRA – Get Rating) TheStreet equity researchers’ rating was lowered from a “c” rating to a “d+” rating in a research report released on Tuesday, TheStreetRatingsTable reports.

VRA has been the subject of several other research reports. Noble Financial commenced coverage of shares of Vera Bradley Inc in a report on Thursday, June 16th. They issued a “superior” rating and a target price of $8.00 per share. Telsey Advisory Group lowered its price target for Vera Bradley’s stock from $9.00 to $7.00, and assigned a “market performance” rating to the stock in a report released on Thursday, June 9th. Finally, StockNews.com lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a report released on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an agreed target price of $9.00.

Nasdaq Stocks: VRA opened at $4.63 on Tuesday. The company’s 50-day moving average is $6.11 and its 200-day moving average is $7.32. Vera Bradley recorded a 12-month low of $4.28 and a 12-month high of $12.58. The company has a market capitalization of $145.65 million, a price-to-earnings ratio of 12.51 and a beta of 1.78.

Vera Bradley (NASDAQ: VRA – Get Rating) released its latest quarterly earnings data on Wednesday, June 8th. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). Vera Bradley had a return on equity of 4.74% and a net margin of 2.46%. The company generated $98.50 million in revenue for the quarter, compared to analysts’ expectations of $109.87 million. During the same period in the previous year, the company reported earnings ($0.05) per share. The company’s revenue for the quarter was down 9.7% year over year. Research analysts expect Vera Bradley to report 0.42 earnings per share for the current fiscal year.

Several large investors have recently bought and sold the company’s shares. Royal Bank of Canada raised its position in shares of Vera Bradley by 20.8% in the first quarter. Royal Bank of Canada now owns 153,558 shares of the textile maker’s stock valued at $1,177,000 after purchasing an additional 26,451 shares during the last quarter. Guggenheim Capital LLC raised its stake in Vera Bradley shares by 42.3% in the first quarter. Guggenheim Capital LLC now owns 42,572 shares of the textile manufacturer’s stock valued at $326,000 after purchasing an additional 12,646 shares during the last quarter. State Street Corp raised its position in shares of Vera Bradley by 2.0% in the first quarter. State Street Corp. now owns 86,226 shares of the textile manufacturer’s stock valued at $6,674,000 after purchasing an additional 17,024 shares during the last quarter. Engineers Gate Manager LP consolidated its position in Vera Bradley by 48.3% during the first quarter. Engineers Gate Manager LP now owns 18,369 shares of the textile manufacturer’s stock valued at $1,400,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Invesco Ltd. Its position in Vera Bradley increased by 7.7% during the first quarter. Invesco Ltd. Now 5,365 shares of the textile manufacturer’s stock are valued at $3,955,000 after purchasing an additional 36,713 shares during the last quarter. 70.79% of the shares are owned by institutional investors and hedge funds.

Vera Bradley Company Profile (Get Rating)

Vera Bradley, Inc, along with its subsidiaries, designs, manufactures and sells women’s handbags, luggage, travel tools, fashion, home accessories and gifts. It operates through three divisions: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as handbags, crossbody bags, briefcases, backpacks, backpacks, kids’ bags and lunch bags; accessories, including wallets, wristwatches, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces bearing the brand name Pura Vida; and travel products consisting of travel bags, cosmetics, travel accessories and packing, as well as travel bags that include duffel bags and weekend bags.

in-depth reading

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Vera Bradley now?

Before you think of Vera Bradley, you’ll want to hear this.

MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market grabs… Vera Bradley wasn’t on the list.

While Vera Bradley currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View stock 5 here

%d bloggers like this: