Q1 2019 Earnings Forecast for Vera Bradley, Inc. Issued By KeyCorp (VRA)

Vera Bradley, Inc. (NASDAQ:VRA) – Stock analysts at KeyCorp dropped their Q1 2019 earnings per share estimates for shares of Vera Bradley in a research note issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will earn ($0.08) per share for the quarter, down from their previous estimate of ($0.04). KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Vera Bradley’s Q3 2019 earnings at $0.23 EPS and FY2019 earnings at $0.57 EPS.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The business 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 company posted $0.20 earnings per share. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year.

A number of other research analysts have also recently commented on the stock. BidaskClub cut shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of 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. Finally, Robert W. Baird set a $11.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.86.

Vera Bradley (VRA) traded up $0.36 during midday trading on Monday, hitting $11.66. 1,093,300 shares of the stock were exchanged, compared to its average volume of 376,331. Vera Bradley has a twelve month low of $6.99 and a twelve month high of $13.13. The firm has a market capitalization of $413.73, a PE ratio of 21.20, a P/E/G ratio of 2.03 and a beta of 1.10.

Several large investors have recently modified their holdings of VRA. Teton Advisors Inc. bought a new stake in Vera Bradley during the second quarter valued at $102,000. LMR Partners LLP bought a new stake in Vera Bradley during the second quarter valued at $115,000. Voya Investment Management LLC increased its stake in Vera Bradley by 29.4% during the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 3,014 shares during the last quarter. Texas Permanent School Fund increased its stake in Vera Bradley by 1.2% during the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 157 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Vera Bradley by 14.7% during the first quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,943 shares during the last quarter. Institutional investors and hedge funds own 61.87% of the company’s stock.

In related news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total value of $1,439,900.00. Following the completion of the sale, the executive vice president now owns 21,655 shares in the company, valued at $183,417.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.60% of the stock is currently owned by insiders.

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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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