Economy

Vera Bradley, Inc. (NASDAQ:VRA) Reaches Overbought Range

Vera Bradley, Inc. (NASDAQ:VRA) Reaches Overbought Range

This company shares are -11.6% up from its target price of $9.75 and the current market capitalization stands at $401.16M. JPMorgan Chase & Co. boosted its position in shares of Vera Bradley by 60.5% during the 1st quarter. Hillenbrand now has $2.87 billion valuation. About 1.01M shares traded. Universal Corporation (NYSE:UVV) has risen 28.37% since December 6, 2016 and is uptrending. It has outperformed by 4.43% the S&P500. EPS is expected between $0.30 and $0.33, mostly above an average analyst estimate of $0.30. Therefore 38% are positive. The stock has "Hold" rating by KeyBanc Capital Markets on Thursday, August 24. Point72 Asset Management, L.P. owns $25.57 million in Vera Bradley, Inc., which represents roughly 6.38% of the company's market cap and approximately 13.05% of the institutional ownership.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, August 30th. On Monday, January 18 the stock rating was upgraded by Standpoint Research to "Buy". The company presently has a consensus rating of "Hold" and a consensus price target of $10.33. On Wednesday, August 30 the stock rating was maintained by Robert W. Baird with "Hold". BidaskClub downgraded shares of Vera Bradley from a "hold" rating to a "sell" rating in a research report on Wednesday, October 11th. Wunderlich maintained it with "Buy" rating and $20 target in Thursday, August 11 report.

Vera Bradley, Inc (Vera Bradley) is a designer of women's handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. (NASDAQ:VRA) rating on Thursday, September 3. Telsey Advisory Group maintained the stock with "Market Perform" rating in Thursday, December 10 report.

Vera Bradley expects to produce revenue between $127 million and $132 million during the fourth quarter, down from $134.8 million in the prior-year period.

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Shares of Vera Bradley (NASDAQ:VRA) traded down 6.70% during midday trading on Wednesday, reaching $8.78. The shares were sold at an average price of $8.47, for a total transaction of $1,439,900.00.

Vera Bradley, Inc. (NASDAQ:VRA)'s market cap, the total dollar value of all of their outstanding shares, is 314.24m. It has underperformed by 66.67% the S&P500. The company also expects to reduce operating expenses by about $30 million. The firm offers totes, crossbodies, satchels, clutches, backpacks, baby, and lunch bags; accessories, inclduing wallets, wristlets, eyeglass cases, jewelry, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags. Companies with a high P/E ratio are typically growth stocks. The company P/S (price to Sales) ratio is 0.85, P/B (price to Book) ratio is 1.42, while its P/C (price to Cash) ratio stands at 4.73. It turned negative, as 19 investors sold Vera Bradley, Inc. shares while 36 reduced holdings. Finally, Texas Permanent School Fund raised its position in Vera Bradley by 1.2% during the 2nd quarter. Stevens Capital Management LP owned 0.09% of Vera Bradley as of its most recent SEC filing. Bnp Paribas Arbitrage invested in 7,385 shares. Following the transaction, the insider now owns 234,632 shares in the company, valued at approximately $2,170,346. Advent International Corp acquired 159,700 shares as Cheniere Energy Inc (LNG)'s stock rose 6.51%. Tiaa Cref Mgmt Ltd holds 0% or 79,700 shares in its portfolio. (NASDAQ:VRA). Parametric Portfolio Associates Ltd Co invested in 0% or 86,814 shares.

From another technical standpoint, Vera Bradley, Inc. (NASDAQ:VRA) or 24 shares. California State Teachers Retirement Systems has 35,618 shares. Credit Suisse Ag has 0% invested in Vera Bradley, Inc. (NASDAQ:VRA) on Friday, January 15 to "Buy" rating. NY raised its position in shares of Vera Bradley by 14.7% in the 1st quarter. The third largest holder is Dimensional Fund Advisors Lp, which now holds $21.86 million worth of this stock and that ownership represents almost 5.45% of its market capitalization. (NYSEAMERICAN:LNG). Fort Washington Invest Advsrs Inc Oh holds 0.36% or 468,855 shares in its portfolio. Royal Bancorp Of Canada has 162 shares for 0% of their portfolio.


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