Sunday, October 19, 2014

Vera Bradley Receives Average Recommendation of “Hold” from Brokerages (NYSE: VRA)

Vera Bradley cases (NYSE: VRA) has received a consensus rating of "Hold" from the nine ratings firms that are currently covering the stock, American Banking News reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts which have covered the stock in the last year is $25. 91.

Vera Bradley iPhone 5 Case Red Flower

Shares of iPhone 5 cases Vera Bradley (NYSE: VRA) opened at 20. 34 on Wednesday. Vera Bradley has a one year low of $17. 27 and a one year high of $30. 00. The stock's 50-day moving average is $20. 07 and its 200-day moving average is $24. 60. The business has a market cap of $827. 6 million and a price-to-earnings ratio of 15. 02.

Vera Bradley (NYSE: VRA) last announced its earnings results on Thursday, June 5th. The company reported $0. 16 earnings per share for the quarter, beating the analysts' consensus estimate of $0. 13 by $0. 03. The company had revenue of $113. 50 million for the quarter, compared to the consensus estimate of $118. 41 million. During the same quarter last year, the business posted $0. 23 earnings per share. Vera Bradley's revenue was down 7. 7% compared to the same quarter last year. On average, analysts predict that Vera Bradley will post $1. 05 earnings per share for the current fiscal year.

A few analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Vera Bradley from an "underperform" rating to a "neutral" rating in an investigation note on Wednesday, August 6th. They now have a $20. 40 price target on the stock. Separately, analysts at Standpoint Research upgraded shares of Vera Bradley from a "hold" rating to a "buy" rating in a research note on Wednesday, July 2nd. Finally, analysts at Buckingham Research initiated coverage on shares of Vera Bradley in a research note on Tuesday, June 24th. They set a "neutral" rating and a $21. 00 price target on the stock.

Vera Bradley, Inc (NYSE: VRA) is a designer, producer, marketer, and retailer of functional accessories for women.

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