Vera Bradley (VRA) Set to Announce Quarterly Earnings on Wednesday

Vera Bradley (NASDAQ:VRA) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Vera Bradley has set its FY 2024 guidance at $0.57-$0.67 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, June 7th. The textile maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.12. The firm had revenue of $94.36 million during the quarter, compared to analyst estimates of $100.35 million. Vera Bradley had a positive return on equity of 4.19% and a negative net margin of 11.58%. On average, analysts expect Vera Bradley to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vera Bradley Stock Performance

Vera Bradley stock opened at $6.79 on Monday. Vera Bradley has a 52 week low of $2.84 and a 52 week high of $7.02. The firm has a market cap of $209.81 million, a P/E ratio of -3.69 and a beta of 2.05. The business’s fifty day moving average is $6.53 and its two-hundred day moving average is $5.92.

Institutional Trading of Vera Bradley

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new stake in shares of Vera Bradley in the 1st quarter valued at approximately $96,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vera Bradley during the 2nd quarter worth about $96,000. MetLife Investment Management LLC bought a new stake in shares of Vera Bradley during the second quarter worth approximately $90,000. Schonfeld Strategic Advisors LLC acquired a new stake in Vera Bradley in the first quarter valued at $87,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Vera Bradley during the second quarter worth about $86,000. 45.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Vera Bradley in a research report on Thursday, August 17th. They set a “buy” rating on the stock.

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.