Vera Bradley, Inc. (NASDAQ:VRA) – Investment analysts at KeyCorp dropped their Q2 2019 earnings per share estimates for Vera Bradley in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will earn $0.08 per share for the quarter, down from their previous forecast of $0.12.
A number of other research firms have also recently weighed in on VRA. BidaskClub cut Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday. B. Riley reaffirmed a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. Cowen reaffirmed a “hold” rating and set a $12.00 price objective on shares of Vera Bradley in a research report on Thursday, December 7th. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $11.00 price objective on shares of Vera Bradley in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.00.
Vera Bradley (VRA) traded down $0.05 during mid-day trading on Friday, hitting $11.14. The stock had a trading volume of 233,613 shares, compared to its average volume of 402,097. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.83. The stock has a market cap of $397.05, a PE ratio of 20.34, a P/E/G ratio of 1.93 and a beta of 1.08.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The firm had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $114.55 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was down 9.9% on a year-over-year basis.
In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of Vera Bradley stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of VRA. Point72 Asset Management L.P. raised its stake in Vera Bradley by 62.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock valued at $26,077,000 after purchasing an additional 1,133,407 shares during the period. Dimensional Fund Advisors LP increased its stake in Vera Bradley by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock worth $21,776,000 after acquiring an additional 413,983 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Vera Bradley in the 3rd quarter worth approximately $3,528,000. Citadel Advisors LLC increased its stake in Vera Bradley by 61.6% in the 2nd quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock worth $4,264,000 after acquiring an additional 166,116 shares during the last quarter. Finally, FMR LLC increased its stake in Vera Bradley by 14.9% in the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after acquiring an additional 125,051 shares during the last quarter. 63.00% of the stock is currently owned by institutional investors.
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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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