KeyBanc downgraded Vera Bradley (NASDAQ:VRA) from Overweight to Sector Weight in a report released today.
- Updated: October 6, 2016
KeyBanc has downgraded Vera Bradley (NASDAQ:VRA) from Overweight to Sector Weight in a statement released on 10/06/2016.
Boasting a price of $15.26, Vera Bradley (NASDAQ:VRA) traded -2.62% lower on the day. With the last stock price close down -6.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Vera Bradley has recorded a 50-day average of $15.56 and a two hundred day average of $15.82. Volume of trade was down over the average, with 119,250 shares of VRA changing hands under the typical 246,115
With a total market value of $0, Vera Bradley has price-earnings ratio of 16.75 with a one year low of $10.41 and a one year high of $20.69 .
A total of 6 equity analysts have released a ratings update on VRA. zero equity analysts rating the company a strong buy, 2 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $20.00.
More About Vera Bradley (NASDAQ:VRA)
Vera Bradley, Inc. is a designer of women's handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company's segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters. The Direct business consists of sales of Vera Bradley products through factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and its annual outlet sale in Fort Wayne, Indiana. The Indirect business sells Vera Bradley products to approximately 2,600 specialty retail locations, which are located in the United States, as well as department stores, national accounts and third party e-commerce sites.
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