Vera Bradley (NASDAQ:VRA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?
by Michael Walen · The Markets DailyShares of Vera Bradley, Inc. (NASDAQ:VRA – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.00 and traded as high as $3.37. Vera Bradley shares last traded at $3.31, with a volume of 83,565 shares.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Wall Street Zen raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vera Bradley has an average rating of “Reduce”.
Read Our Latest Research Report on Vera Bradley
Vera Bradley Stock Down 7.2%
The firm’s 50 day simple moving average is $3.63 and its two-hundred day simple moving average is $3.00.
Vera Bradley (NASDAQ:VRA – Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. The business had revenue of $84.89 million during the quarter, compared to analysts’ expectations of $79.73 million. Equities analysts expect that Vera Bradley, Inc. will post -0.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Vera Bradley
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of Vera Bradley in the 2nd quarter valued at approximately $28,000. Emissary Wealth LLC acquired a new position in shares of Vera Bradley in the 4th quarter valued at approximately $51,000. Qube Research & Technologies Ltd acquired a new position in shares of Vera Bradley in the 3rd quarter valued at approximately $49,000. Simplex Trading LLC raised its position in shares of Vera Bradley by 55.0% in the 4th quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock valued at $85,000 after buying an additional 12,442 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Vera Bradley by 266.8% in the 2nd quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock valued at $91,000 after buying an additional 29,823 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.
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.