Vera Bradley (VRA) Issues Earnings Results

Vera Bradley (NASDAQ:VRA) released its quarterly earnings data on Wednesday. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09, Bloomberg Earnings reports. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The business had revenue of $114.10 million for the quarter, compared to the consensus estimate of $114.55 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company’s revenue was down 9.9% compared to the same quarter last year. Vera Bradley updated its Q4 guidance to $0.30-0.33 EPS.

Vera Bradley (NASDAQ VRA) opened at $11.03 on Thursday. The company has a market capitalization of $310.74, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $14.08.

VRA has been the topic of several analyst reports. BidaskClub downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. 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 research report on Wednesday, November 1st. Jefferies Group reissued a “hold” rating and set a $11.00 target price on shares of Vera Bradley in a research report on Thursday, October 12th. FBR & Co set a $12.00 target price on Vera Bradley and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.83.

In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total value of $1,439,900.00. Following the transaction, the executive vice president now owns 21,655 shares of the company’s stock, valued at approximately $183,417.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.60% of the company’s stock.

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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.

Earnings History for Vera Bradley (NASDAQ:VRA)

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