Jefferies Reiterates a 'Buy' on Vera Bradley (VRA); Going Long Versus Shorts
Tweet
Share
E-mailGet Alerts VRA Hot Sheet
Price: $3.27 -1.8%
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies reiterates a 'Buy' on Vera Bradley (NASDAQ: VRA) price target of $50.00.
Analyst, Randal J. Konik, said, "The shorts think the growth is over at Vera Bradley which we very much disagree with. In fact, we think VRA is a highly visible growth story and we see a low likelihood of further GM% hiccups (which pressured the stock in two quarters over the last year) over the next several quarters. We view the current risk/reward as favorable and reiterate our rating."
Jefferies raises FY12 EPS estimate from $1.37 to $1.41 and FY13 from $1.64 to $1.68.
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, "The shorts think the growth is over at Vera Bradley which we very much disagree with. In fact, we think VRA is a highly visible growth story and we see a low likelihood of further GM% hiccups (which pressured the stock in two quarters over the last year) over the next several quarters. We view the current risk/reward as favorable and reiterate our rating."
Jefferies raises FY12 EPS estimate from $1.37 to $1.41 and FY13 from $1.64 to $1.68.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
