Analysts forecast that Vera Bradley, Inc. (NASDAQ:VRA) will report sales of $111.82 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Vera Bradley’s earnings. The lowest sales estimate is $111.40 million and the highest is $112.09 million. Vera Bradley reported sales of $119.25 million in the same quarter last year, which indicates a negative year over year growth rate of 6.2%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, August 30th.
According to Zacks, analysts expect that Vera Bradley will report full-year sales of $111.82 million for the current fiscal year, with estimates ranging from $460.00 million to $466.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $453.60 million per share, with estimates ranging from $440.00 million to $461.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Vera Bradley.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $96.62 million. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS.
A number of research analysts recently issued reports on VRA shares. Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Cowen and Company reiterated a “market perform” rating and issued a $9.00 target price (down from $14.00) on shares of Vera Bradley in a report on Saturday, March 11th. Wunderlich reiterated a “buy” rating and issued a $11.00 target price on shares of Vera Bradley in a report on Saturday, March 25th. Jefferies Group LLC set a $10.00 target price on Vera Bradley and gave the company a “hold” rating in a report on Monday, April 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 target price (down from $14.00) on shares of Vera Bradley in a report on Thursday, March 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.80.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRA. Renaissance Technologies LLC increased its stake in shares of Vera Bradley by 35.8% in the first quarter. Renaissance Technologies LLC now owns 1,891,800 shares of the textile maker’s stock worth $17,613,000 after buying an additional 498,950 shares during the period. Norges Bank acquired a new stake in shares of Vera Bradley during the fourth quarter worth about $3,847,000. Dimensional Fund Advisors LP increased its stake in shares of Vera Bradley by 17.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,812,721 shares of the textile maker’s stock worth $16,876,000 after buying an additional 272,520 shares during the period. Vanguard Group Inc. increased its stake in shares of Vera Bradley by 12.6% in the first quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock worth $16,215,000 after buying an additional 194,971 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Vera Bradley by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 1,190,086 shares of the textile maker’s stock worth $11,079,000 after buying an additional 186,986 shares during the period. Hedge funds and other institutional investors own 58.86% of the company’s stock.
Shares of Vera Bradley (NASDAQ VRA) traded down 2.20% during midday trading on Wednesday, hitting $9.78. The company had a trading volume of 307,177 shares. The company has a 50-day moving average of $8.54 and a 200 day moving average of $9.88. Vera Bradley has a 12 month low of $7.70 and a 12 month high of $17.20. The firm has a market capitalization of $353.59 million, a PE ratio of 26.87 and a beta of 0.87.
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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