Jefferies Maintains a 'Buy' on Vera Bradley (VRA); Q4 Review - Simply Not Good Enough
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Price: $7.48 +1.08%
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 23 | New: 10
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 23 | New: 10
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Jefferies maintains a 'Buy' on Vera Bradley (NASDAQ: VRA) price target cut from $50 to $45.
Analyst, Randal J. Konik, said, "4Q results were fine but the outlook was uninspiring as there are some concerns popping up around spring selling trends across the direct and indirect channels of distribution. We believe the stock likely moves lower near term. However, we still think VRA is a good LT growth opportunity and would be buyers on weakness, particularly anything below $35."
Jefferies raises FY12 EPS estimate from $1.41 to $1.43, FY13 remains at $1.70.
For an analyst ratings summary and ratings history on Vera Bradley click here. For more ratings news on Vera Bradley click here.
Shares of Vera Bradley closed at $37.14 yesterday.
Analyst, Randal J. Konik, said, "4Q results were fine but the outlook was uninspiring as there are some concerns popping up around spring selling trends across the direct and indirect channels of distribution. We believe the stock likely moves lower near term. However, we still think VRA is a good LT growth opportunity and would be buyers on weakness, particularly anything below $35."
Jefferies raises FY12 EPS estimate from $1.41 to $1.43, FY13 remains at $1.70.
For an analyst ratings summary and ratings history on Vera Bradley click here. For more ratings news on Vera Bradley click here.
Shares of Vera Bradley closed at $37.14 yesterday.
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