Vera Bradley (VRA) Updates Q4 Earnings Guidance

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Vera Bradley (NASDAQ:VRA) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.22-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. 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.

Shares of VRA opened at $9.13 on Thursday. The company has a market cap of $359.93 million, a PE ratio of 15.22 and a beta of 0.39. Vera Bradley has a 1-year low of $8.90 and a 1-year high of $17.38.

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

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Vera Bradley from a hold rating to a buy rating in a research note on Wednesday, August 22nd. Telsey Advisory Group raised their price target on Vera Bradley from $15.00 to $17.00 and gave the stock a market perform rating in a report on Thursday, September 6th. Zacks Investment Research raised Vera Bradley from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Saturday, September 8th. ValuEngine cut Vera Bradley from a buy rating to a hold rating in a report on Friday, November 16th. Finally, TheStreet raised Vera Bradley from a c rating to a b rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $14.25.

In other news, major shareholder Michael C. Ray sold 2,429 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $14.87, for a total value of $36,119.23. Following the transaction, the insider now directly owns 70,453 shares in the company, valued at approximately $1,047,636.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Anne Marie Ray sold 14,189 shares of Vera Bradley stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $10.72, for a total transaction of $152,106.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,220,507 shares of company stock worth $18,016,990. 30.10% of the stock is owned by 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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