Wall Street analysts predict that Vera Bradley, Inc. (NASDAQ:VRA) will report sales of $85.92 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Vera Bradley’s earnings, with estimates ranging from $85.60 million to $86.16 million. Vera Bradley reported sales of $96.14 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.6%. The company is scheduled to issue its next earnings report on Wednesday, May 30th.
According to Zacks, analysts expect that Vera Bradley will report full year sales of $85.92 million for the current fiscal year, with estimates ranging from $408.80 million to $412.00 million. For the next financial year, analysts expect that the company will post sales of $411.47 million per share, with estimates ranging from $410.02 million to $413.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Vera Bradley.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The firm had revenue of $132.00 million during the quarter, compared to analyst estimates of $130.02 million. During the same quarter last year, the business earned $0.28 EPS. The company’s revenue was down 2.1% compared to the same quarter last year.
Vera Bradley stock traded down $0.04 during mid-day trading on Thursday, hitting $10.88. 189,420 shares of the stock were exchanged, compared to its average volume of 364,979. Vera Bradley has a 12 month low of $6.99 and a 12 month high of $12.83. The firm has a market cap of $386.46, a price-to-earnings ratio of 18.13, a PEG ratio of 5.28 and a beta of 0.66.
In related news, major shareholder James Bradley Byrne sold 1,232,605 shares of Vera Bradley stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Hall sold 1,200,000 shares of Vera Bradley stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the completion of the sale, the director now directly owns 63,593 shares of the company’s stock, valued at approximately $618,759.89. The disclosure for this sale can be found here. Insiders own 39.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VRA. MetLife Investment Advisors LLC purchased a new position in Vera Bradley during the 4th quarter worth $125,000. Jefferies Group LLC purchased a new position in Vera Bradley during the 4th quarter worth $158,000. Landscape Capital Management L.L.C. purchased a new position in Vera Bradley during the 4th quarter worth $160,000. Hartford Investment Management Co. purchased a new position in Vera Bradley during the 3rd quarter worth $141,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Vera Bradley during the 4th quarter worth $201,000. 62.58% of the stock is owned by institutional investors and hedge funds.
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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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