Wunderlich Reiterates “Buy” Rating for Vera Bradley, Inc. (VRA)

Wunderlich reissued their buy rating on shares of Vera Bradley, Inc. (NASDAQ:VRA) in a research note published on Saturday morning. They currently have a $11.00 target price on the stock.

Several other brokerages also recently commented on VRA. Zacks Investment Research upgraded shares of Vera Bradley from a sell rating to a hold rating in a report on Wednesday, December 7th. Telsey Advisory Group decreased their price objective on shares of Vera Bradley from $19.00 to $15.00 and set a market perform rating for the company in a report on Thursday, December 8th. Finally, Cowen and Company set a $18.00 price objective on shares of Vera Bradley and gave the stock a hold rating in a report on Wednesday, December 7th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $14.33.

Vera Bradley (NASDAQ:VRA) traded up 1.53% during mid-day trading on Friday, reaching $8.65. 277,261 shares of the company’s stock were exchanged. Vera Bradley has a 52-week low of $8.40 and a 52-week high of $20.69. The company has a 50-day moving average of $9.92 and a 200-day moving average of $12.78. The stock has a market cap of $313.27 million, a price-to-earnings ratio of 16.32 and a beta of 0.96.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 8th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The company earned $134.80 million during the quarter, compared to the consensus estimate of $137.34 million. Vera Bradley had a net margin of 6.34% and a return on equity of 11.15%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities research analysts anticipate that Vera Bradley will post $0.44 earnings per share for the current year.

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In related news, major shareholder Michael C. Ray sold 25,410 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $9.03, for a total transaction of $229,452.30. Following the completion of the sale, the insider now owns 210,362 shares in the company, valued at $1,899,568.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director P. Michael Miller acquired 1,099,839 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The shares were bought at an average price of $15.60 per share, with a total value of $17,157,488.40. Following the acquisition, the director now directly owns 68,015 shares of the company’s stock, valued at approximately $1,061,034. The disclosure for this purchase can be found here. Insiders have sold 130,410 shares of company stock valued at $1,200,202 in the last 90 days. 40.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in Vera Bradley by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 25,120 shares of the company’s stock worth $381,000 after buying an additional 70 shares during the period. New York State Teachers Retirement System increased its stake in Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the company’s stock worth $143,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans increased its stake in Vera Bradley by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 171,450 shares of the company’s stock worth $2,010,000 after buying an additional 670 shares during the period. Capital One National Association increased its stake in Vera Bradley by 4.1% in the third quarter. Capital One National Association now owns 23,949 shares of the company’s stock worth $363,000 after buying an additional 936 shares during the period. Finally, Comerica Bank increased its stake in Vera Bradley by 5.8% in the fourth quarter. Comerica Bank now owns 20,930 shares of the company’s stock worth $249,000 after buying an additional 1,154 shares during the period. Institutional investors and hedge funds own 55.55% of the company’s stock.

Vera Bradley Company Profile

Vera Bradley, Inc is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.

5 Day Chart for NASDAQ:VRA

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