Argent Capital Management Cut By $4.40 Million Its Wells Fargo & Co. (WFC) Stake; Vera Bradley, Inc. (VRA) Covered By 3 Bulls

November 15, 2017 - By wolcottdaily

Argent Capital Management Llc decreased Wells Fargo & Co. (WFC) stake by 19.12% reported in 2017Q2 SEC filing. Argent Capital Management Llc sold 80,057 shares as Wells Fargo & Co. (WFC)’s stock declined 8.66%. The Argent Capital Management Llc holds 338,639 shares with $18.76 million value, down from 418,696 last quarter. Wells Fargo & Co. now has $266.30 billion valuation. The stock declined 1.22% or $0.66 reaching $53.38 per share. About 124,464 shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since November 15, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 8 analysts covering Vera Bradley (NASDAQ:VRA), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Vera Bradley had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Vera Bradley, Inc. (NASDAQ:VRA) rating on Wednesday, May 31. Jefferies has “Hold” rating and $1000 target. The firm has “Market Perform” rating given on Monday, April 25 by Cowen & Co. As per Thursday, December 10, the company rating was maintained by Telsey Advisory Group. On Thursday, March 24 the stock rating was upgraded by Wunderlich to “Buy”. The rating was maintained by KeyBanc Capital Markets on Monday, September 25 with “Hold”. The firm has “Buy” rating given on Monday, January 18 by Standpoint Research. Cowen & Co maintained Vera Bradley, Inc. (NASDAQ:VRA) on Wednesday, August 30 with “Hold” rating. The firm earned “Buy” rating on Wednesday, December 9 by Standpoint Research. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, December 8. On Thursday, September 3 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. See Vera Bradley, Inc. (NASDAQ:VRA) latest ratings:

03/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $10.0 Maintain
25/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
30/08/2017 Broker: Robert W. Baird Rating: Hold New Target: $10.0 Maintain
30/08/2017 Broker: Cowen & Co Rating: Hold New Target: $9.0 Maintain
30/08/2017 Broker: Jefferies Rating: Hold New Target: $11.0 Maintain
28/08/2017 Broker: FBR Capital Rating: Buy New Target: $12.0 Maintain
24/08/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
31/05/2017 Broker: Jefferies Rating: Hold New Target: $10.0000 Maintain

It closed at $7.52 lastly. It is down 49.97% since November 15, 2016 and is downtrending. It has underperformed by 66.67% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.58, from 1.62 in 2017Q1. It dropped, as 19 investors sold Vera Bradley, Inc. shares while 36 reduced holdings. 21 funds opened positions while 36 raised stakes. 21.57 million shares or 3.67% more from 20.80 million shares in 2017Q1 were reported. Moreover, Texas Permanent School Fund has 0% invested in Vera Bradley, Inc. (NASDAQ:VRA) for 13,789 shares. Meeder Asset Inc has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Tiaa Cref Inv Mngmt Lc holds 0% or 79,700 shares. 11,600 are owned by Sector Pension Board. Nationwide Fund Advsr reported 0% stake. Wells Fargo & Mn holds 0% or 14,964 shares. Connor Clark Lunn Investment Mngmt Limited holds 17,100 shares. Axa owns 29,658 shares or 0% of their US portfolio. Bridgeway Capital reported 20,000 shares stake. The Missouri-based Parkside Retail Bank Trust has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Systematic Finance Management L P stated it has 0.03% of its portfolio in Vera Bradley, Inc. (NASDAQ:VRA). Airain Limited has 14,419 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Vera Bradley, Inc. (NASDAQ:VRA). Fmr Ltd Co holds 0% or 965,051 shares. New York State Common Retirement Fund invested 0% of its portfolio in Vera Bradley, Inc. (NASDAQ:VRA).

Vera Bradley, Inc. is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The company has market cap of $270.46 million. The Company’s divisions include Direct and Indirect. It has a 26.56 P/E ratio. The Firm offers various products, including bags, travel, home and accessories.

Since May 16, 2017, it had 0 insider purchases, and 2 selling transactions for $3.39 million activity. 38,988 shares valued at $2.05 million were sold by Mack Mary T on Thursday, June 8. Pelos Petros G sold $1.34M worth of Wells Fargo & Co (NYSE:WFC) on Monday, June 12. Hardison Hope A. had sold 20,000 shares worth $1.04 million.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on January, 12. They expect $1.04 earnings per share, up 0.97% or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.19 billion for 12.83 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company had 102 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Evercore on Wednesday, April 12 with “Outperform”. Citigroup upgraded Wells Fargo & Co (NYSE:WFC) on Thursday, January 7 to “Buy” rating. Goldman Sachs upgraded Wells Fargo & Co (NYSE:WFC) on Monday, January 11 to “Buy” rating. The stock of Wells Fargo & Co (NYSE:WFC) has “Positive” rating given on Wednesday, January 20 by Susquehanna. The stock has “Sell” rating by BMO Capital Markets on Friday, July 14. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Vining Sparks on Friday, April 28 with “Strong-Buy”. The stock has “Hold” rating by Jefferies on Friday, September 15. Keefe Bruyette & Woods maintained Wells Fargo & Co (NYSE:WFC) rating on Friday, August 25. Keefe Bruyette & Woods has “Buy” rating and $61.0 target. The stock of Wells Fargo & Co (NYSE:WFC) has “Neutral” rating given on Monday, October 10 by UBS.

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