News Breaks |
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| January 16, 2013 |
| 10:51 EDT |  | VRA | Vera Bradley fades after early spike higher, levels to watch
The company raised Q4 and fiscal year 2013 estimates last night after the close. Shares gapped up well above the 10-day moving average earlier this morning, up more than 6% at one point. At time of writing the stock has reversed lower on the day, breaking down below support at the 10-day moving average. The 10-day, last at $23.57, is now resistance. Next support is at $22, a recent pivot low. |
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News For VRA From The Last 14 Days Check below for free stories on VRA the last two weeks. |
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| June 7, 2013 |
| 10:11 EDT |  | VRA | On The Fly: Analyst Upgrade Summary
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| 06:39 EDT | | VRA | Vera Bradley upgraded to Neutral from Underperform at Sterne Agee
Sterne Agee upgraded Vera Bradley to Neutral due to valuation. |
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| June 6, 2013 |
| 16:22 EDT |  | VRA | On The Fly: Closing Wrap
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| 12:40 EDT | | VRA | On The Fly: Midday Wrap
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| 10:46 EDT |  | VRA | Vera Bradley sinks after guidance misses expectations
Shares of apparel maker Vera Bradley (VRA) are sinking after the company last night provided weaker than expected guidance and announced that its CEO would retire. WHAT'S NEW: Vera Bradley reported stronger than expected first quarter results last night, but its second quarter and full year guidance came in below analysts' consensus estimates. Vera Bradley said that some of its independent partners had previously bought too many of its products, and are now trying to reduce the amount of Vera Bradley merchandise that they carry. In addition, sales of some of Vera Bradley's products by its retail partners have been slow, the company explained. Meanwhile, Vera Bradley's CEO, Mike Ray, will retire, the company added. Vera Bradley's board is searching for a successor, and Ray will remain CEO until his replacement is found ANALYST REACTION: Research firms Piper Jaffray and Wells Fargo responded to the company's news by downgrading the stock earlier today. Piper Jaffray, which downgraded the stock to Neutral from Overweight, cited the company's decelerating sales and management changes as reasons for the downgrade. Wells Fargo dropped the stock to Market Perform from Outperform, citing uncertainty from merchandise assortment challenges and management changes. Piper lowered its price target on the shares to $24 from $32, while Wells Fargo reduced its price target range on the stock to $23-$25 from $29-$32. TODAY'S PRICE ACTION: In mid-morning trading, Vera Bradley dropped $2.35, or 10.5%, to $19.90. |
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| 10:14 EDT | | VRA | Vera Bradley falls after results and guidance, levels to watch
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| 09:13 EDT | | VRA | On The Fly: Pre-market Movers
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| 07:06 EDT |  | VRA | Vera Bradley downgraded to Neutral from Outperform at RW Baird
Baird downgraded Vera Bradley due to lowered 2014 guidance and the CEO departure. |
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| 05:54 EDT | | VRA | Vera Bradley downgraded to Neutral from Overweight at Piper Jaffray
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| 05:48 EDT | | VRA | Vera Bradley downgraded to Market Perform from Outperform at Wells Fargo
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