NEW YORK ( TheStreet) -- Vera Bradley (Nasdaq: VRA) is trading at unusually high volume Wednesday with 2.3 million shares changing hands. It is currently at four times its average daily volume and trading down 91 cents (-2.5%) at $36.25 as of 3:25 p.m. ET.

Vera Bradley has a market cap of $1.51 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.6% year to date as of the close of trading on Tuesday.

Vera Bradley, Inc., through its subsidiary, Vera Bradley Designs, Inc., engages in the design, production, marketing, and retail of functional accessories for women under the 'Vera Bradley' brand. Its products include a range of handbags, accessories, and travel and leisure items. The company has a P/E ratio of 33, above the average consumer non-durables industry P/E ratio of 32.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Vera Bradley as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and robust revenue growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Vera Bradley Ratings Report.

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