Vera Bradley (NASDAQ:VRA) Lowered to Buy at StockNews.com

Vera Bradley (NASDAQ:VRAGet Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Vera Bradley Stock Down 0.2 %

Vera Bradley stock opened at $6.43 on Friday. Vera Bradley has a 52 week low of $4.60 and a 52 week high of $8.35. The company has a market capitalization of $197.97 million, a price-to-earnings ratio of 25.72 and a beta of 1.89. The stock has a 50-day moving average price of $6.93 and a 200 day moving average price of $7.24.

Vera Bradley (NASDAQ:VRAGet Free Report) last released its earnings results on Wednesday, March 13th. The textile maker reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Vera Bradley had a return on equity of 6.69% and a net margin of 1.66%. The firm had revenue of $133.27 million for the quarter, compared to analyst estimates of $136.06 million. Research analysts anticipate that Vera Bradley will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VRA. Allspring Global Investments Holdings LLC acquired a new position in Vera Bradley in the third quarter valued at approximately $44,000. Harbor Capital Advisors Inc. raised its stake in shares of Vera Bradley by 73.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 7,174 shares of the textile maker’s stock worth $55,000 after buying an additional 3,044 shares during the period. LSV Asset Management acquired a new position in shares of Vera Bradley during the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC raised its stake in shares of Vera Bradley by 258.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,017 shares of the textile maker’s stock worth $69,000 after buying an additional 6,503 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in shares of Vera Bradley during the 3rd quarter worth approximately $83,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Vera Bradley Company Profile

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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 consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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