Vera Bradley (NASDAQ:VRA) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Vera Bradley, Inc. (NASDAQ:VRA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.19 and traded as high as $2.77. Vera Bradley shares last traded at $2.75, with a volume of 559,839 shares changing hands.

Analyst Upgrades and Downgrades

VRA has been the subject of several research analyst reports. Wall Street Zen lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Small Cap Consu upgraded shares of Vera Bradley to a “hold” rating in a report on Monday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Vera Bradley in a report on Wednesday, October 8th. Finally, Zacks Research raised Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vera Bradley presently has a consensus rating of “Reduce”.

Vera Bradley Stock Performance

The stock has a 50 day simple moving average of $2.28 and a 200 day simple moving average of $2.19. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. The company has a market cap of $76.84 million, a price-to-earnings ratio of -0.78 and a beta of 1.91.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Thursday, September 11th. The textile maker reported ($0.02) EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $0.13 EPS. As a group, analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VRA. Qube Research & Technologies Ltd purchased a new position in shares of Vera Bradley in the third quarter valued at $49,000. Nomura Holdings Inc. lifted its holdings in Vera Bradley by 15.2% in the 3rd quarter. Nomura Holdings Inc. now owns 1,846,432 shares of the textile maker’s stock worth $3,711,000 after buying an additional 243,900 shares in the last quarter. Two Sigma Investments LP purchased a new position in Vera Bradley in the 3rd quarter valued at about $121,000. Arrowstreet Capital Limited Partnership boosted its position in Vera Bradley by 21.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 542,579 shares of the textile maker’s stock valued at $1,091,000 after buying an additional 96,044 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Vera Bradley during the third quarter valued at about $201,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Vera Bradley Company Profile

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.