Vera Bradley Receives a Hold from Cowen & Co.

By Ryan Adsit

In a report released yesterday, Oliver Chen from Cowen & Co. reiterated a Hold rating on Vera Bradley (NASDAQ: VRA), with a price target of $12. The company’s shares closed yesterday at $11.03.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 3.0% and a 54.2% success rate. Chen covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Signet Jewelers Limited.

Vera Bradley has an analyst consensus of Hold, with a price target consensus of $11.

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.