Vera Bradley (NASDAQ:VRA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Vera Bradley, Inc. (NASDAQ:VRA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.23 and traded as high as $3.87. Vera Bradley shares last traded at $3.83, with a volume of 75,190 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on VRA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Vera Bradley in a research report on Monday, June 15th. Wall Street Zen lowered Vera Bradley from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Vera Bradley Trading Up 5.2%

The stock’s 50 day moving average is $3.64 and its two-hundred day moving average is $3.23. The stock has a market capitalization of $114.61 million, a price-to-earnings ratio of -5.84 and a beta of 1.57.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Thursday, June 11th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.24. The firm had revenue of $55.70 million for the quarter, compared to the consensus estimate of $49.12 million. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%. On average, research analysts anticipate that Vera Bradley, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at Vera Bradley

In other news, Director Andrew Meslow bought 24,926 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $3.73 per share, for a total transaction of $92,973.98. Following the purchase, the director owned 650,000 shares of the company’s stock, valued at approximately $2,424,500. The trade was a 3.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.30% of the company’s stock.

Hedge Funds Weigh In On Vera Bradley

Large investors have recently bought and sold shares of the company. Impala Asset Management LLC bought a new stake in shares of Vera Bradley in the fourth quarter worth $976,000. Klingman & Associates LLC boosted its holdings in Vera Bradley by 98.7% during the fourth quarter. Klingman & Associates LLC now owns 106,722 shares of the textile maker’s stock worth $258,000 after purchasing an additional 53,000 shares during the last quarter. Peapod Lane Capital LLC grew its position in Vera Bradley by 14.4% in the fourth quarter. Peapod Lane Capital LLC now owns 875,893 shares of the textile maker’s stock valued at $2,120,000 after purchasing an additional 110,485 shares in the last quarter. Emissary Wealth LLC bought a new position in Vera Bradley in the fourth quarter valued at $51,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Vera Bradley in the 2nd quarter valued at $158,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.