Vera Bradley (NYSE:VRA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, Analyst Ratings Network reports. They currently have a $17.90 price target on the stock. Zacks‘ price objective suggests a potential downside of 5.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee cut their price target on shares of Vera Bradley (NYSE:VRA) from $20.00 to $19.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Vera Bradley (NYSE:VRA) from $23.00 to $19.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Vera Bradley (NYSE:VRA) in a research note to investors on Thursday. They now have a $29.00 price target on the stock, down previously from $34.00.
Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.74.
Vera Bradley (NYSE:VRA) traded up 5.31% during mid-day trading on Friday, hitting $19.85. The stock had a trading volume of 604,585 shares. Vera Bradley has a 52 week low of $17.27 and a 52 week high of $31.00. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $22.35. The company has a market cap of $806.0 million and a price-to-earnings ratio of 11.68. Vera Bradley also saw some unusual options trading on Thursday. Investors purchased 12,259 call options on the company. This represents an increase of approximately 866% compared to the average volume of 1,269 call options.
Vera Bradley (NYSE:VRA) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $124.51 million. During the same quarter last year, the company posted $0.33 earnings per share. Vera Bradley’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Vera Bradley will post $1.66 earnings per share for the current fiscal year.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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