Vera Bradley (VRA) Updates Q4 Earnings Guidance

Vera Bradley (NASDAQ:VRA) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.30-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. The company issued revenue guidance of $127-132 million, compared to the consensus revenue estimate of $138.75 million.

Shares of Vera Bradley (NASDAQ VRA) opened at $8.64 on Wednesday. The firm has a market capitalization of $310.74, a P/E ratio of 16.56, a P/E/G ratio of 1.84 and a beta of 1.10. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $14.89.

VRA has been the topic of a number of analyst reports. BidaskClub cut Vera Bradley from a hold rating to a sell rating in a research note on Wednesday, October 11th. Zacks Investment Research raised Vera Bradley from a hold rating to a buy rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a hold rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Thursday, October 12th. FBR & Co set a $12.00 price target on Vera Bradley and gave the stock a buy rating in a research note on Monday, August 28th. Finally, KeyCorp reaffirmed a hold rating on shares of Vera Bradley in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Vera Bradley presently has a consensus rating of Hold and a consensus price target of $10.33.

In related news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the sale, the executive vice president now directly owns 21,655 shares in the company, valued at $183,417.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.60% of the company’s stock.

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About Vera Bradley

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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