Vera Bradley (NASDAQ:VRA) Rating Increased to Strong-Buy at StockNews.com
Vera Bradley (NASDAQ:VRA) was upgraded to a "strong-buy" rating by StockNews.com. The company reported lower than expected earnings for the last quarter. Large investors have recently bought shares of Vera Bradley. The company designs, manufactures, and sells women's handbags, luggage, accessories, and gifts.
Vera Bradley (NASDAQ:VRA - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Thursday.
Vera Bradley Price Performance
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NASDAQ:VRA opened at $7.77 on Thursday. Vera Bradley has a 1-year low of $4.60 and a 1-year high of $8.35. The stock has a market cap of $239.01 million, a P/E ratio of 31.08 and a beta of 1.89. The firm has a 50-day moving average of $6.72 and a two-hundred day moving average of $7.25.
Vera Bradley (NASDAQ:VRA - Get Free Report) last announced its earnings results on Wednesday, March 13th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). Vera Bradley had a net margin of 1.66% and a return on equity of 6.69%. The business had revenue of $133.27 million during the quarter, compared to analyst estimates of $136.06 million. As a group, equities analysts expect that Vera Bradley will post 0.63 earnings per share for the current year.
Hedge Funds Weigh In On Vera Bradley
Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Vera Bradley during the third quarter valued at $44,000. Harbor Capital Advisors Inc. lifted its position in Vera Bradley by 73.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,174 shares of the textile maker's stock valued at $55,000 after purchasing an additional 3,044 shares during the last quarter. LSV Asset Management acquired a new position in Vera Bradley during the 4th quarter valued at about $56,000. Tower Research Capital LLC TRC grew its position in Vera Bradley by 258.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,017 shares of the textile maker's stock worth $69,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Vera Bradley in the third quarter valued at approximately $83,000. Institutional investors own 59.88% of the company's stock.
About Vera Bradley
(Get Free Report)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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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