Vera Bradley, Inc. (NASDAQ:VRA) – Stock analysts at KeyCorp dropped their Q2 2019 earnings per share (EPS) estimates for Vera Bradley in a research report issued on Wednesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.12.
Several other analysts have also recently commented on the stock. BidaskClub cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird set a $12.00 target price on shares of Vera Bradley and gave the company a “hold” rating in a research note on Monday, December 25th. Cowen reiterated a “hold” rating and issued a $12.00 target price on shares of Vera Bradley in a research note on Thursday, December 7th. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.00.
Shares of Vera Bradley (NASDAQ:VRA) opened at $11.11 on Friday. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $12.83. The company has a market cap of $394.21, a P/E ratio of 222.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the 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 period in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was down 9.9% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of VRA. Point72 Asset Management L.P. grew its holdings in shares of Vera Bradley by 62.1% during the third quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock worth $26,077,000 after buying an additional 1,133,407 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vera Bradley by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock worth $22,294,000 after buying an additional 303,858 shares in the last quarter. FMR LLC grew its holdings in shares of Vera Bradley by 14.9% during the second quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after buying an additional 125,051 shares in the last quarter. State Street Corp grew its holdings in shares of Vera Bradley by 3.3% during the second quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock worth $4,390,000 after buying an additional 14,529 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Vera Bradley by 61.6% during the second quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock worth $4,264,000 after buying an additional 166,116 shares in the last quarter. 63.00% of the stock is owned by institutional investors.
In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total value of $151,560.36. Following the completion of the sale, the insider now owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 39.60% of the company’s stock.
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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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