Equities research analysts expect Vera Bradley, Inc. (NASDAQ:VRA) to report $97.29 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Vera Bradley’s earnings, with the lowest sales estimate coming in at $96.54 million and the highest estimate coming in at $98 million. Vera Bradley posted sales of $105.18 million in the same quarter last year, which suggests a negative year over year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, May 31st.
On average, analysts expect that Vera Bradley will report full year sales of $97.29 million for the current year, with estimates ranging from $467.9 million to $471 million. For the next year, analysts anticipate that the business will report sales of $467.94 million per share, with estimates ranging from $458.1 million to $485 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Vera Bradley.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, March 8th. The textile maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Vera Bradley had a return on equity of 11.15% and a net margin of 6.34%. The company had revenue of $134.80 million during the quarter, compared to the consensus estimate of $137.34 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 12.5% compared to the same quarter last year.
Several brokerages have recently issued reports on VRA. Wunderlich reissued a “buy” rating and issued a $11.00 price target on shares of Vera Bradley in a report on Saturday, March 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target (down previously from $14.00) on shares of Vera Bradley in a report on Thursday, March 9th. Jefferies Group LLC set a $10.00 price target on shares of Vera Bradley and gave the company a “hold” rating in a report on Monday, April 10th. Zacks Investment Research lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Cowen and Company reissued a “market perform” rating and issued a $9.00 price target (down previously from $14.00) on shares of Vera Bradley in a report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.80.
In related news, major shareholder Michael C. Ray sold 25,410 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $9.03, for a total value of $229,452.30. Following the sale, the insider now directly owns 210,362 shares of the company’s stock, valued at approximately $1,899,568.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Michael C. Ray sold 40,000 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $9.32, for a total transaction of $372,800.00. Following the sale, the insider now directly owns 222,362 shares in the company, valued at $2,072,413.84. The disclosure for this sale can be found here. Insiders sold a total of 190,410 shares of company stock worth $1,752,002 over the last ninety days. 40.90% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of VRA. Dimensional Fund Advisors LP boosted its stake in shares of Vera Bradley by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,201 shares of the textile maker’s stock valued at $18,051,000 after buying an additional 37,046 shares during the period. Oxford Asset Management boosted its stake in shares of Vera Bradley by 58.1% in the fourth quarter. Oxford Asset Management now owns 87,691 shares of the textile maker’s stock valued at $1,028,000 after buying an additional 32,213 shares during the period. State Street Corp boosted its stake in shares of Vera Bradley by 9.8% in the fourth quarter. State Street Corp now owns 417,932 shares of the textile maker’s stock valued at $4,896,000 after buying an additional 37,267 shares during the period. Comerica Bank boosted its stake in shares of Vera Bradley by 5.8% in the fourth quarter. Comerica Bank now owns 20,930 shares of the textile maker’s stock valued at $249,000 after buying an additional 1,154 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Vera Bradley during the fourth quarter valued at approximately $719,000. 55.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vera Bradley (NASDAQ:VRA) opened at 9.21 on Friday. The firm has a market cap of $333.22 million, a P/E ratio of 17.38 and a beta of 0.96. The stock’s 50 day moving average price is $8.98 and its 200-day moving average price is $11.40. Vera Bradley has a 12 month low of $8.40 and a 12 month high of $17.20.
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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