Vera Bradley (NASDAQ:VRA) Cut to “Sell” at BidaskClub

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BidaskClub lowered shares of Vera Bradley (NASDAQ:VRA) from a hold rating to a sell rating in a research report released on Friday morning, BidAskClub reports.

Several other equities analysts have also commented on VRA. Zacks Investment Research lowered shares of Zai Lab from a buy rating to a hold rating in a report on Saturday, June 15th. ValuEngine lowered shares of Zymeworks from a buy rating to a hold rating in a report on Saturday, May 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $11.50.

Shares of VRA stock opened at $11.38 on Friday. The business has a 50 day moving average of $11.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.53 and a current ratio of 4.15. Vera Bradley has a one year low of $7.94 and a one year high of $17.38. The firm has a market cap of $389.36 million, a price-to-earnings ratio of 19.29 and a beta of 0.86.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, June 5th. The textile maker reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Vera Bradley had a net margin of 4.69% and a return on equity of 6.76%. The firm had revenue of $91.00 million for the quarter, compared to analyst estimates of $87.95 million. During the same period in the prior year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that Vera Bradley will post 0.7 EPS for the current fiscal year.

In other Vera Bradley news, insider Anne Marie Ray sold 70,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $11.57, for a total value of $809,900.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James Bradley Byrne sold 35,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $11.34, for a total transaction of $396,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 374,702 shares of company stock worth $4,364,154. 27.30% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Prudential Financial Inc. boosted its position in shares of Vera Bradley by 121.7% in the 4th quarter. Prudential Financial Inc. now owns 114,209 shares of the textile maker’s stock worth $979,000 after purchasing an additional 62,701 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Vera Bradley by 17.7% in the 4th quarter. First Trust Advisors LP now owns 38,877 shares of the textile maker’s stock worth $333,000 after purchasing an additional 5,859 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Vera Bradley by 13.9% in the 4th quarter. California Public Employees Retirement System now owns 93,611 shares of the textile maker’s stock worth $802,000 after purchasing an additional 11,447 shares in the last quarter. BlackRock Inc. boosted its position in shares of Vera Bradley by 1.6% in the 4th quarter. BlackRock Inc. now owns 3,303,722 shares of the textile maker’s stock worth $28,313,000 after purchasing an additional 52,306 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Vera Bradley by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 280,311 shares of the textile maker’s stock worth $2,402,000 after purchasing an additional 8,965 shares in the last quarter. 66.98% of the stock is currently owned by institutional investors.

Vera Bradley Company Profile

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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