Brokerages expect Vera Bradley, Inc. (NASDAQ:VRA) to post earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Vera Bradley’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. Vera Bradley posted earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 30.8%. The company is expected to announce its next earnings results on Wednesday, August 29th.
According to Zacks, analysts expect that Vera Bradley will report full-year earnings of $0.47 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.50. For the next year, analysts anticipate that the firm will post earnings of $0.55 per share, with EPS estimates ranging from $0.49 to $0.59. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Vera Bradley.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, June 6th. The textile maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. Vera Bradley had a return on equity of 8.27% and a net margin of 2.18%. The business had revenue of $86.60 million during the quarter, compared to analyst estimates of $86.21 million. During the same period in the prior year, the company earned ($0.09) earnings per share. Vera Bradley’s revenue was down 9.9% compared to the same quarter last year.
Several equities analysts have weighed in on the company. BidaskClub lowered Vera Bradley from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Saturday, June 9th. Telsey Advisory Group increased their price objective on Vera Bradley from $11.00 to $15.00 and gave the company a “market perform” rating in a report on Thursday, June 7th. Finally, ValuEngine raised Vera Bradley from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vera Bradley has a consensus rating of “Buy” and an average target price of $12.50.
In other news, insider Anne Marie Ray sold 28,378 shares of the firm’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $14.60, for a total value of $414,318.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Michael C. Ray sold 2,429 shares of the firm’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $14.60, for a total value of $35,463.40. Following the completion of the transaction, the insider now directly owns 104,459 shares of the company’s stock, valued at $1,525,101.40. The disclosure for this sale can be found here. Insiders sold 1,035,665 shares of company stock valued at $14,941,795 over the last ninety days. Corporate insiders own 30.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of VRA. Matarin Capital Management LLC bought a new position in shares of Vera Bradley in the first quarter worth $4,612,000. Dimensional Fund Advisors LP raised its position in shares of Vera Bradley by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,986,249 shares of the textile maker’s stock worth $31,684,000 after buying an additional 214,334 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Vera Bradley by 205.6% in the fourth quarter. Two Sigma Investments LP now owns 227,837 shares of the textile maker’s stock worth $2,775,000 after buying an additional 153,278 shares in the last quarter. AXA raised its position in shares of Vera Bradley by 112.0% in the fourth quarter. AXA now owns 275,959 shares of the textile maker’s stock worth $3,361,000 after buying an additional 145,800 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Vera Bradley in the fourth quarter worth $1,643,000. 63.87% of the stock is owned by hedge funds and other institutional investors.
NASDAQ VRA traded up $0.26 on Thursday, hitting $14.32. 306,463 shares of the stock traded hands, compared to its average volume of 323,875. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $15.47. The firm has a market cap of $501.06 million, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 5.98 and a beta of 0.60.
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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