Vera Bradley (VRA) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Vera Bradley (NYSE:VRA) announced its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.05, AnalystRatingsNetwork.com reports. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $124.51 million. During the same quarter in the prior year, the company posted $0.33 earnings per share.
A number of analysts have recently weighed in on VRA shares. Analysts at KeyCorp cut their price target on shares of Vera Bradley (NYSE:VRA) from $31.00 to $27.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Vera Bradley (NYSE:VRA) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $23.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Vera Bradley (NYSE:VRA) from a “hold” rating to a “sell” rating in a research note to investors on Friday, July 5th.
Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Vera Bradley has a consensus rating of “Hold” and an average price target of $26.43.
Vera Bradley (NYSE:VRA) traded up 2.53% during mid-day trading on Wednesday, hitting $19.45. 1,720,926 shares of the company’s stock traded hands. Vera Bradley has a 1-year low of $18.67 and a 1-year high of $31.00. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $22.40. The company has a market cap of $789.7 million and a P/E ratio of 11.75.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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