Robert W. Baird Reaffirms Their Hold Rating on Vera Bradley

In a report released yesterday, Mark Altschwager from Robert W. Baird reiterated a Hold rating on Vera Bradley (NASDAQ: VRA), with a price target of $11. The company’s shares closed yesterday at $11.03.

According to TipRanks.com, Altschwager is ranked 0 out of 5 stars with an average return of -4.2% and a 39.8% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Currently, the analyst consensus on Vera Bradley is Hold and the average price target is $11.50, representing a 4.3% upside.

In a report released yesterday, Cowen & Co. also reiterated a Hold rating on the stock with a $12 price target.

Vera Bradley’s market cap is currently $397.2M and has a P/E ratio of 39.39. The company has a book value ratio of 1.4180.

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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.

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