Stock Analysis:Vera Bradley (NASDAQ:VRA) Stock Target Increased
In a recent research report sent to investors and clients by KeyBanc Capital Markets on Thursday morning, Vera Bradley (NASDAQ:VRA) had its price target upgraded to $20.00. The firm currently has a solid Overweight rating on shares.
From a total of 6 analysts covering Vera Bradley (NASDAQ:VRA) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is $16 while the lowest target price is $11. The mean of all analyst targets is $14.33 with a -13.53% below today’s ($15.96) stock price. Vera Bradley was the topic of 6 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Standpoint Research maintained shares on December 9 with “Buy” rating. Telsey Advisory Group maintained VRA stock in a recent report from September 3 with “Market Perform” rating.
Approximately 1.39M shares of stock traded hands or 132.86% up from the average. Vera Bradley, Inc. (NASDAQ:VRA) has risen 24.95% since May 7, 2015 and is uptrending. It has outperformed by 26.88% the S&P500.
The overall sentiment of institutions has decreased to 0.75 in Q2 2015. Its down 0.07, from 0.82 in 2015Q2. The ratio fall, as 25 institutions have sold all the shares of Vera Bradley, Inc. that they owned while 32 funds have taken shares off the table. 12 funds have purchased shares for the first time while 31 added to their positions. These institutions now hold 21.88 million shares or 9.22% less than the 24.10 million shares they owned in 2015Q2.
The Fund Daruma Capital Management Llc currently is holding shares equating to 2.76% of its total portfolio in Vera Bradley, Inc. representing a total of 3.56 million shares. Another fund,Tieton Capital Management Llc, is holding a total of 217,939 shares equating to 2.56% of their holdings. Additionally, Mork Capital Management has a 43,000 share stake in Vera Bradley, Inc. which represents 0.64% of their total portfolio. The Fund, Monarch Capital Management Inc, based out of Indiana, has also built up a stake in the stock, which represents a total of 0.49% of their total portfolio. Finally Rotella Capital Management Inc., a fund which is based in the state of Washington reported a total holdings of 99,327 shares.
Vera Bradley, Inc. is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The company has a market cap of $644.33 million. The Firm sells its products through two business divisions: Direct and Indirect. It has 21.53 P/E ratio. The Direct business consists of sales of Vera Bradley products through the Company’s full-line and factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and the Company’s annual outlet sale in Fort Wayne, Indiana.
According to Zacks Investment Research, “Vera Bradley Designs, Inc. is a designer, producer, marketer and retailer of accessories for women. Its products include handbags, accessories and travel and leisure items. It sells its products through two reportable segments Indirect and Direct. Its indirect business consists of sale of Vera Bradley products to independent retailers in the U.S. as well as select national retailers and third party e-commerce sites. Its direct business consists of sales of Vera Bradley products through its full-price stores, its outlet stores, verabradley.com, and its annual outlet sale in Fort Wayne, Indiana. Vera Bradley Designs, Inc. is headquartered in Fort Wayne, Indiana.” Get a free copy of the Zacks research report on Vera Bradley, Inc. (VRA).