Vera Bradley (NASDAQ:VRA) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Vera Bradley, Inc. (NASDAQ:VRA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.80 and traded as high as $4.39. Vera Bradley shares last traded at $4.13, with a volume of 369,505 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on VRA. Zacks Research upgraded shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Wall Street Zen lowered Vera Bradley from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vera Bradley currently has a consensus rating of “Reduce”.

Vera Bradley Price Performance

The stock has a market capitalization of $117.46 million, a P/E ratio of -2.40 and a beta of 1.70. The stock’s fifty day moving average is $3.38 and its two-hundred day moving average is $2.81.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Thursday, March 12th. The textile maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $84.89 million during the quarter, compared to analysts’ expectations of $79.73 million. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. Analysts expect that Vera Bradley, Inc. will post -0.34 EPS for the current year.

Institutional Trading of Vera Bradley

A number of large investors have recently added to or reduced their stakes in VRA. Jump Financial LLC bought a new stake in Vera Bradley during the second quarter worth approximately $28,000. Qube Research & Technologies Ltd bought a new stake in Vera Bradley during the third quarter worth approximately $49,000. Emissary Wealth LLC bought a new stake in Vera Bradley during the fourth quarter worth approximately $51,000. Simplex Trading LLC boosted its holdings in Vera Bradley by 55.0% during the fourth quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock worth $85,000 after buying an additional 12,442 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Vera Bradley by 266.8% during the second quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock worth $91,000 after buying an additional 29,823 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Company Profile

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.