Vera Bradley Inc. (NASDAQ:VRA) traded at a new 52-week high today of $10.04. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 306,000 shares.
Vera Bradley Inc designs women’s handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the most. Most of the company’s sales are made directly to customers through Vera Bradley’s retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.
Vera Bradley Inc. share prices have moved between a 52-week high of $10.04 and a 52-week low of $3.12 and are now trading 218% above that low price at $9.93 per share.
There is potential upside of 16.4% for shares of Vera Bradley Inc. based on a current price of $9.93 and an average consensus analyst price target of $11.56.
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