StockNews.com downgraded shares of Vera Bradley (NASDAQ:VRA – Free Report) from a strong-buy rating to a buy rating in a research note released on Sunday morning.
Vera Bradley Trading Up 2.9 %
VRA stock opened at $6.81 on Friday. Vera Bradley has a 12-month low of $4.60 and a 12-month high of $8.35. The stock’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $7.24. The firm has a market cap of $209.68 million, a P/E ratio of 27.24 and a beta of 1.89.
Vera Bradley (NASDAQ:VRA – Get Free Report) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Vera Bradley had a return on equity of 6.69% and a net margin of 1.66%. The company had revenue of $133.27 million during the quarter, compared to analyst estimates of $136.06 million. On average, research analysts forecast that Vera Bradley will post 0.63 EPS for the current fiscal year.
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About Vera Bradley
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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