Equities analysts expect Vera Bradley, Inc. (NASDAQ:VRA) to post sales of $130.35 million for the current quarter, according to Zacks. Three analysts have issued estimates for Vera Bradley’s earnings. The lowest sales estimate is $128.95 million and the highest is $132.00 million. Vera Bradley posted sales of $134.85 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.3%. The business is expected to announce its next earnings results before the market opens on Wednesday, March 14th.
On average, analysts expect that Vera Bradley will report full-year sales of $130.35 million for the current fiscal year, with estimates ranging from $451.60 million to $455.00 million. For the next year, analysts forecast that the firm will report sales of $418.55 million per share, with estimates ranging from $414.14 million to $425.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Vera Bradley.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $114.55 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share.
VRA has been the topic of several recent research reports. Robert W. Baird set a $12.00 price target on Vera Bradley and gave the stock a “hold” rating in a research note on Monday, December 25th. BidaskClub cut Vera Bradley from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, November 1st. Cowen reissued a “hold” rating and issued a $12.00 target price on shares of Vera Bradley in a report on Thursday, December 7th. Finally, B. Riley reissued a “buy” rating on shares of Vera Bradley in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Vera Bradley currently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of Vera Bradley (NASDAQ:VRA) remained flat at $$10.45 during mid-day trading on Wednesday. The company’s stock had a trading volume of 263,100 shares, compared to its average volume of 300,294. The company has a market capitalization of $370.80, a PE ratio of 19.00, a PEG 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 on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total value of $151,560.36. Following the sale, the insider now directly owns 32,605 shares of the company’s stock, valued at $402,019.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.60% of the company’s stock.
Several large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of Vera Bradley during the fourth quarter valued at $125,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Vera Bradley by 22.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 58,570 shares of the textile maker’s stock valued at $713,000 after purchasing an additional 10,590 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Vera Bradley by 47.8% during the fourth quarter. Macquarie Group Ltd. now owns 42,700 shares of the textile maker’s stock valued at $520,000 after purchasing an additional 13,800 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Vera Bradley during the fourth quarter valued at $289,000. Finally, Millennium Management LLC lifted its holdings in shares of Vera Bradley by 455.8% during the fourth quarter. Millennium Management LLC now owns 59,182 shares of the textile maker’s stock valued at $721,000 after purchasing an additional 48,534 shares in the last quarter. 65.75% of the stock is currently owned by hedge funds and other 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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