Brokerages forecast that Vera Bradley, Inc. (NASDAQ:VRA) will post $0.32 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Vera Bradley’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.31. Vera Bradley posted earnings of $0.28 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, March 14th.
On average, analysts expect that Vera Bradley will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.60. For the next year, analysts forecast that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.46 to $0.59. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Vera Bradley.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The business had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $114.55 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s quarterly revenue was down 9.9% on a year-over-year basis.
A number of equities analysts have issued reports on VRA shares. BidaskClub cut Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, October 27th. Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Vera Bradley in a report on Thursday, December 7th. Robert W. Baird set a $11.00 target price on Vera Bradley and gave the stock a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $11.00 target price on shares of Vera Bradley in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.
In other news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the transaction, the insider now directly owns 32,605 shares in the company, valued at approximately $402,019.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 39.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its stake in Vera Bradley by 29.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 3,014 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Vera Bradley by 11.6% in the 2nd quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock valued at $147,000 after purchasing an additional 1,556 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Vera Bradley in the 3rd quarter valued at about $141,000. Macquarie Group Ltd. acquired a new stake in Vera Bradley in the 3rd quarter valued at about $255,000. Finally, Nationwide Fund Advisors lifted its stake in Vera Bradley by 77.4% in the 2nd quarter. Nationwide Fund Advisors now owns 29,337 shares of the textile maker’s stock valued at $287,000 after purchasing an additional 12,800 shares during the last quarter. Institutional investors own 63.00% of the company’s stock.
Vera Bradley (VRA) traded down $0.10 during mid-day trading on Monday, reaching $11.11. The company’s stock had a trading volume of 316,200 shares, compared to its average volume of 437,300. The company has a market cap of $394.21, a PE ratio of 222.20, a PEG ratio of 1.97 and a beta of 1.08. Vera Bradley has a 52-week low of $6.99 and a 52-week high of $12.83.
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Vera Bradley Company Profile
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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