Analysts Anticipate Vera Bradley (VRA) to Announce -$0.10 Earnings Per Share

Wall Street analysts expect that Vera Bradley (NASDAQ:VRA) will post ($0.10) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Vera Bradley’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.10). Vera Bradley reported earnings of ($0.09) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The business is expected to report its next earnings report on Wednesday, May 30th.

According to Zacks, analysts expect that Vera Bradley will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.37 to $0.44. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.51 per share, with EPS estimates ranging from $0.43 to $0.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Vera Bradley.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The business had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $130.02 million. During the same period last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis.

VRA has been the topic of a number of recent research reports. BidaskClub cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Robert W. Baird set a $11.00 price objective on Vera Bradley and gave the company a “hold” rating in a research note on Wednesday, March 14th. Cowen set a $10.00 price objective on Vera Bradley and gave the company a “hold” rating in a research note on Wednesday, March 14th. Finally, ValuEngine raised Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Vera Bradley presently has a consensus rating of “Hold” and an average target price of $10.40.

In related news, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,993,246.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,676,000.00. Following the completion of the sale, the director now directly owns 63,593 shares of the company’s stock, valued at approximately $618,759.89. The disclosure for this sale can be found here. Corporate insiders own 39.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased 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 valued at $22,294,000 after acquiring an additional 303,858 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Vera Bradley by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,782,500 shares of the textile maker’s stock valued at $21,711,000 after acquiring an additional 29,000 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Vera Bradley by 27.4% during the fourth quarter. Royce & Associates LP now owns 465,600 shares of the textile maker’s stock valued at $5,671,000 after acquiring an additional 100,089 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Vera Bradley by 2.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,126 shares of the textile maker’s stock valued at $4,143,000 after acquiring an additional 9,714 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Vera Bradley by 15.0% during the fourth quarter. Two Sigma Advisers LP now owns 323,204 shares of the textile maker’s stock valued at $3,937,000 after acquiring an additional 42,138 shares in the last quarter. 62.45% of the stock is owned by institutional investors and hedge funds.

NASDAQ VRA traded up $0.02 on Friday, reaching $11.28. 117,964 shares of the company’s stock traded hands, compared to its average volume of 286,645. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $12.83. The stock has a market capitalization of $394.63, a P/E ratio of 18.87, a PEG ratio of 5.39 and a beta of 0.66.

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About Vera Bradley

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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