Vera Bradley (NASDAQ:VRA) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Vera Bradley, Inc. (NASDAQ:VRA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.38 and traded as high as $2.73. Vera Bradley shares last traded at $2.64, with a volume of 55,971 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Vera Bradley Trading Down 4.0%

The firm has a market capitalization of $73.80 million, a price-to-earnings ratio of -0.75 and a beta of 1.80. The business’s fifty day moving average is $2.65 and its 200 day moving average is $2.38. The company has a quick ratio of 0.81, a current ratio of 2.52 and a debt-to-equity ratio of 0.08.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Thursday, December 11th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The firm had revenue of $62.25 million during the quarter, compared to analysts’ expectations of $61.69 million. Vera Bradley had a negative return on equity of 18.30% and a negative net margin of 34.23%.During the same quarter in the prior year, the company earned ($0.27) EPS. Equities analysts predict that Vera Bradley, Inc. will post -0.25 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Andrew Meslow purchased 50,000 shares of Vera Bradley stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $1.93 per share, with a total value of $96,500.00. Following the transaction, the director directly owned 600,000 shares in the company, valued at $1,158,000. The trade was a 9.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.10% of the company’s stock.

Institutional Trading of Vera Bradley

Institutional investors have recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd acquired a new position in Vera Bradley during the second quarter worth $25,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Vera Bradley during the 2nd quarter worth about $26,000. Jump Financial LLC acquired a new position in shares of Vera Bradley during the 2nd quarter worth about $28,000. Qube Research & Technologies Ltd bought a new position in shares of Vera Bradley in the 3rd quarter valued at about $49,000. Finally, Emissary Wealth LLC acquired a new stake in shares of Vera Bradley in the fourth quarter valued at about $51,000. Institutional investors own 59.88% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.