Vera Bradley (NASDAQ:VRA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Vera Bradley, Inc. (NASDAQ:VRA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.11 and traded as high as $2.45. Vera Bradley shares last traded at $2.40, with a volume of 88,742 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VRA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Wall Street Zen lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Small Cap Consu upgraded Vera Bradley to a “hold” rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Vera Bradley Stock Up 2.1%

The firm has a market cap of $67.06 million, a price-to-earnings ratio of -0.68 and a beta of 1.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. The stock has a 50-day moving average of $2.14 and a 200-day moving average of $2.11.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Thursday, September 11th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $70.86 million for the quarter, compared to the consensus estimate of $78.52 million. Vera Bradley had a negative return on equity of 15.27% and a negative net margin of 32.31%.During the same quarter in the prior year, the business posted $0.13 earnings per share. Sell-side analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Vera Bradley

A number of large investors have recently modified their holdings of VRA. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Vera Bradley in the 2nd quarter valued at $25,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Vera Bradley in the 2nd quarter valued at $26,000. Jump Financial LLC acquired a new stake in shares of Vera Bradley in the 2nd quarter valued at $28,000. Belpointe Asset Management LLC acquired a new stake in shares of Vera Bradley in the 1st quarter valued at $29,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Vera Bradley in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

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 consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.