Vera Bradley (VRA) Releases Q4 2019 Earnings Guidance

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Vera Bradley (NASDAQ:VRA) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.22-0.25 for the period. The company issued revenue guidance of $114-119 million, compared to the consensus revenue estimate of $114.09 million.Vera Bradley also updated its FY 2019 guidance to $0.57-0.60 EPS.

A number of brokerages have recently issued reports on VRA. BidaskClub lowered Vera Bradley from a sell rating to a strong sell rating in a research report on Thursday. ValuEngine lowered Vera Bradley from a buy rating to a hold rating in a research report on Friday, November 16th. Zacks Investment Research raised Vera Bradley from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Saturday, September 8th. TheStreet raised Vera Bradley from a c rating to a b rating in a research report on Thursday, September 6th. Finally, Telsey Advisory Group lifted their target price on Vera Bradley from $15.00 to $17.00 and gave the stock a market perform rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Vera Bradley presently has a consensus rating of Hold and a consensus target price of $14.25.

Shares of Vera Bradley stock opened at $9.13 on Thursday. The stock has a market capitalization of $359.93 million, a P/E ratio of 15.22 and a beta of 0.39. Vera Bradley has a fifty-two week low of $8.90 and a fifty-two week high of $17.38.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, December 12th. The textile maker reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). The firm had revenue of $97.70 million during the quarter, compared to the consensus estimate of $101.68 million. Vera Bradley had a net margin of 3.76% and a return on equity of 9.82%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Vera Bradley will post 0.59 EPS for the current year.

In related news, Director P. Michael Miller sold 600,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $15.09, for a total value of $9,054,000.00. Following the completion of the sale, the director now directly owns 85,156 shares of the company’s stock, valued at $1,285,004.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Michael C. Ray sold 2,429 shares of Vera Bradley stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $14.87, for a total value of $36,119.23. Following the completion of the transaction, the insider now owns 70,453 shares of the company’s stock, valued at $1,047,636.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,220,507 shares of company stock valued at $18,016,990. 30.10% of the stock is owned by corporate insiders.

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Vera Bradley Company Profile

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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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Earnings History and Estimates for Vera Bradley (NASDAQ:VRA)

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