Zacks: Brokerages Expect Vera Bradley, Inc. (VRA) Will Announce Quarterly Sales of $115.26 Million

Equities analysts expect Vera Bradley, Inc. (NASDAQ:VRA) to post sales of $115.26 million for the current quarter, according to Zacks. Three analysts have issued estimates for Vera Bradley’s earnings, with the lowest sales estimate coming in at $113.70 million and the highest estimate coming in at $117.00 million. Vera Bradley reported sales of $126.66 million during the same quarter last year, which indicates a negative year-over-year growth rate of 9%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, December 6th.

According to Zacks, analysts expect that Vera Bradley will report full-year sales of $115.26 million for the current year, with estimates ranging from $461.00 million to $463.37 million. For the next fiscal year, analysts forecast that the firm will post sales of $419.87 million per share, with estimates ranging from $412.90 million to $431.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Vera Bradley.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The company had revenue of $112.42 million during the quarter, compared to analyst estimates of $111.72 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year.

Several research firms have recently issued reports on VRA. B. Riley reissued a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. BidaskClub raised shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the company a “buy” rating in a report on Monday, August 28th. KeyCorp reaffirmed a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Vera Bradley presently has a consensus rating of “Hold” and an average target price of $10.33.

In other Vera Bradley news, major shareholder Michael C. Ray sold 237,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total transaction of $1,954,625.00. Following the transaction, the insider now directly owns 120,712 shares in the company, valued at approximately $993,459.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kimberly F. Colby sold 170,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the transaction, the executive vice president now owns 21,655 shares in the company, valued at $183,417.85. The disclosure for this sale can be found here. Corporate insiders own 39.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRA. Teton Advisors Inc. bought a new position in Vera Bradley during the 2nd quarter valued at $102,000. LMR Partners LLP bought a new position in Vera Bradley during the 2nd quarter valued at $115,000. Wells Fargo & Company MN lifted its position in shares of Vera Bradley by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock worth $125,000 after buying an additional 444 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Vera Bradley by 29.4% in the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock worth $130,000 after buying an additional 3,014 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Vera Bradley by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock worth $135,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Vera Bradley (VRA) traded up $0.72 during trading on Friday, hitting $8.29. 1,140,000 shares of the stock traded hands, compared to its average volume of 288,753. Vera Bradley has a 52 week low of $6.99 and a 52 week high of $15.86. The firm has a market capitalization of $299.72, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.77 and a beta of 1.01.

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About Vera Bradley

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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