In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Vera Bradley (VRA – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.97.
Gomes covers the Technology sector, focusing on stocks such as One Stop Systems, Kratos Defense, and V2X. According to TipRanks, Gomes has an average return of 2.0% and a 40.99% success rate on recommended stocks.
Currently, the analyst consensus on Vera Bradley is a Moderate Buy with an average price target of $8.50, a 42.38% upside from current levels. In a report released on June 5, Small Cap Consumer Research also reiterated a Buy rating on the stock with a $9.00 price target.
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The company has a one-year high of $6.53 and a one-year low of $2.84. Currently, Vera Bradley has an average volume of 285K.
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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.
Read More on VRA:
- Vera Bradley Announces First Quarter Fiscal Year 2024 Results
- VRA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Vera Bradley and Sanrio® Debut Co-Branded Hello Kitty® Collection
- Vera Bradley Set to Rejoin Russell 3000® Index
- Vera Bradley, Inc. Announces Reporting Date for Fiscal Year 2024 First Quarter Results
