Small Cap Consumer Research Initiates Coverage of Vera Bradley, Inc.
Eric Beder, Award Winning Equity Analyst, Initiates With A Buy Rating and $14.00 Price Target
Eric Beder, Award Winning Equity Analyst, Initiates With A Buy Rating and $14.00 Price Target
NEW YORK, Oct. 24, 2019 /PRNewswire/ --Small Cap Consumer Research, LLC, a company-sponsored independent equity research and consulting boutique firm focused on small to mid-cap publicly traded companies in the consumer, specialty retail, apparel and brand licensing sectors initiated coverage today on Vera Bradley, Inc. ("VRA"), a leading accessories based lifestyle specialty retailer, wholesaler and e-tailer, with a Buy rating and $14.00 price target.
Vera Bradley, Inc. – What if the Turn Came and Investors Didn't Notice?: Mr. Beder commented, "We believe, with the completion of the highly accretive Pura Vida brand, the return of full price selling and positive same store sales at the Vera Bradley brand and the rollout of innovative fabrics, such as performance twill, that Vera Bradley is an evolving turnaround story which has gone relatively unnoticed by investors. Further, with no debt and over $2.00 per share in net cash at the end of 2QFY20, and an ongoing share repurchase program, Vera Bradley has material financial resources to drive strong top and bottom line growth. We believe, entering the key holiday season, that VRA represents a compelling turnaround play."
"Our coverage of VRA represents another key step in our focus on the small to mid cap consumer space, where we have provided compelling, differentiated institutional equity research for over twenty years."
About Small Cap Consumer Research, LLC
Small Cap Consumer Research, LLC is a leading company-sponsored equity research and consulting firm in the consumer space dedicated to helping publicly-traded small to mid-cap companies with equity market capitalization under $4 billion shift equity research into a strategic asset. We deliver independent, differentiated Wall Street-grade research. For more information about our research services:
Contact:
Eric M. Beder
CEO and Managing Director of Consumer Equity Research
Small Cap Consumer Research, LLC
[email protected]
212-220-9212
Follow us on Twitter at Eric M Beder@SCC_Research
340 Madison Avenue, 19th Floor
New York, NY 10173
Media Inquiries:
[email protected]
SOURCE Small Cap Consumer Research
Share this article