Brokerages forecast that Vera Bradley, Inc. (NASDAQ:VRA) will post sales of $130.35 million for the current quarter, Zacks reports. Three analysts have issued estimates for Vera Bradley’s earnings, with estimates ranging from $128.95 million to $132.00 million. Vera Bradley reported sales of $134.85 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, March 14th.
According to Zacks, analysts expect that Vera Bradley will report full-year sales of $130.35 million for the current year, with estimates ranging from $451.60 million to $455.00 million. For the next financial year, analysts expect that the company will report sales of $418.55 million per share, with estimates ranging from $414.14 million to $425.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Vera Bradley.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The business had revenue of $114.10 million for the quarter, compared to the consensus estimate of $114.55 million. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The business’s revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS.
A number of equities research analysts have recently issued reports on VRA shares. BidaskClub downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. B. Riley reissued a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Cowen reissued a “hold” rating and issued a $12.00 price target on shares of Vera Bradley in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Robert W. Baird set a $12.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a research note on Monday, December 25th. One investment 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 an average target price of $11.00.
Vera Bradley (NASDAQ:VRA) remained flat at $$10.45 during trading on Wednesday. 263,142 shares of the company traded hands, compared to its average volume of 281,797. The firm has a market capitalization of $370.79, a PE ratio of 209.00, a P/E/G ratio of 2.43 and a beta of 0.83. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $12.83.
In other Vera Bradley news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on 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 owns 32,605 shares in the company, valued at approximately $402,019.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its holdings in shares of Vera Bradley by 0.4% in the 2nd quarter. Teachers Advisors LLC now owns 36,670 shares of the textile maker’s stock valued at $359,000 after buying an additional 161 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Vera Bradley by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the textile maker’s stock valued at $779,000 after buying an additional 418 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 buying an additional 1,556 shares in the last quarter. Voya Investment Management LLC boosted its holdings 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 valued at $130,000 after buying an additional 3,014 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Vera Bradley by 5.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,814 shares of the textile maker’s stock worth $849,000 after purchasing an additional 4,812 shares during the period. Institutional investors and hedge funds own 63.49% of the company’s stock.
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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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