In a report released yesterday, Mark Altschwager from Robert W. Baird maintained a Hold rating on Vera Bradley (VRA), with a price target of $13.00. The company’s shares closed last Wednesday at $11.52, close to its 52-week high of $12.19.
According to TipRanks.com, Altschwager is a 5-star analyst with an average return of 23.8% and a 56.6% success rate. Altschwager covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Burlington Stores.
Vera Bradley has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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The company has a one-year high of $12.19 and a one-year low of $3.12. Currently, Vera Bradley has an average volume of 351K.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRA in relation to earlier this year.
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Vera Bradley, Inc. designs, produces, markets and retails accessories for women. Its products include handbags, accessories and travel and leisure items. The company operates through two segments: Direct and Indirect. The Direct segment consists of the sales of Vera Bradley products through full-price and outlet stores. The Indirect segment handles the sales of Vera Bradley products to specialty retailers, which are located in the United States. It also offers accessories, which includes wallets, wristlets, eyeglass cases, cosmetics cases, and paper and gift products. The company was founded by Barbara Bradley Baekgaard and Patricia R. Miller in 1982 and is headquartered in Roanoke, IN.
