Brokerages forecast that Vera Bradley, Inc. (NASDAQ:VRA) will report $115.26 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Vera Bradley’s earnings, with the highest sales estimate coming in at $117.00 million and the lowest estimate coming in at $113.70 million. Vera Bradley posted sales of $126.66 million in the same quarter last year, which would indicate a negative year over year growth rate of 9%. The business is expected to issue its next earnings results before the market opens on Wednesday, December 6th.
On average, analysts expect that Vera Bradley will report full year sales of $115.26 million for the current fiscal year, with estimates ranging from $461.00 million to $463.37 million. For the next year, analysts forecast that the business will report sales of $419.87 million per share, with estimates ranging from $412.90 million to $431.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Vera Bradley.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The firm had revenue of $112.42 million during the quarter, compared to the consensus estimate of $111.72 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis.
Several analysts have commented on the stock. BidaskClub lowered shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Wednesday, November 1st. Jefferies Group LLC restated a “hold” rating and issued a $11.00 price objective on shares of Vera Bradley in a report on Thursday, October 12th. Finally, KeyCorp restated a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued 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.
Vera Bradley (NASDAQ:VRA) traded up $0.10 on Monday, hitting $8.39. 385,226 shares of the stock traded hands, compared to its average volume of 352,245. Vera Bradley has a 52 week low of $6.99 and a 52 week high of $15.86. The firm has a market capitalization of $299.72, a PE ratio of 15.94, a PEG ratio of 1.77 and a beta of 1.01.
In related news, EVP Kimberly F. Colby sold 170,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total value of $1,439,900.00. Following the completion of the transaction, the executive vice president now directly owns 21,655 shares of the company’s stock, valued at $183,417.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Michael C. Ray sold 237,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total transaction of $1,954,625.00. Following the completion of the transaction, the insider now directly owns 120,712 shares of the company’s stock, valued at $993,459.76. The disclosure for this sale can be found here. 39.60% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its holdings in shares of Vera Bradley by 62.1% in the third quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock valued at $26,077,000 after acquiring an additional 1,133,407 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Vera Bradley by 13.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock valued at $22,294,000 after purchasing an additional 303,858 shares during the last quarter. Vanguard Group Inc. grew its stake in Vera Bradley by 12.6% in the first quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock valued at $16,215,000 after purchasing an additional 194,971 shares during the last quarter. FMR LLC grew its stake in shares of Vera Bradley by 14.9% during the second quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after acquiring an additional 125,051 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Vera Bradley by 3.3% during the second quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock worth $4,390,000 after acquiring an additional 14,529 shares during the last quarter. Institutional investors and hedge funds own 63.45% of the company’s stock.
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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