Equities analysts predict that Vera Bradley, Inc. (NASDAQ:VRA) will post sales of $85.92 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Vera Bradley’s earnings. The highest sales estimate is $86.16 million and the lowest is $85.60 million. Vera Bradley posted sales of $96.14 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings report on Wednesday, May 30th.
According to Zacks, analysts expect that Vera Bradley will report full-year sales of $85.92 million for the current financial year, with estimates ranging from $408.80 million to $412.00 million. For the next year, analysts forecast that the firm will report sales of $411.47 million per share, with estimates ranging from $410.02 million to $413.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Vera Bradley.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $132.00 million for the quarter, compared to analyst estimates of $130.02 million. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share.
VRA has been the topic of a number of recent analyst reports. Cowen set a $10.00 price objective on Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, March 14th. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, Robert W. Baird set a $11.00 price objective on Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.40.
Shares of Vera Bradley stock traded up $0.20 during trading on Thursday, reaching $10.96. The company’s stock had a trading volume of 130,856 shares, compared to its average volume of 301,676. The firm has a market capitalization of $386.46, a PE ratio of 18.13, a PEG ratio of 5.28 and a beta of 0.66. Vera Bradley has a one year low of $6.99 and a one year high of $12.83.
In related news, Director Robert J. Hall sold 1,200,000 shares of Vera Bradley stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the sale, the director now directly owns 63,593 shares of the company’s stock, valued at $618,759.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of Vera Bradley stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,993,246.65. The disclosure for this sale can be found here. 39.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Vera Bradley during the fourth quarter valued at approximately $125,000. Jefferies Group LLC acquired a new stake in Vera Bradley during the fourth quarter valued at approximately $158,000. Landscape Capital Management L.L.C. acquired a new stake in Vera Bradley during the fourth quarter valued at approximately $160,000. Hartford Investment Management Co. acquired a new stake in Vera Bradley during the third quarter valued at approximately $141,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Vera Bradley during the fourth quarter valued at approximately $201,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.
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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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