Wall Street analysts forecast that Vera Bradley, Inc. (NASDAQ:VRA) will post earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vera Bradley’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.10. Vera Bradley posted earnings of $0.17 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.2%. The business 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 earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.40 to $0.45. For the next financial year, analysts expect that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.46 to $0.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Vera Bradley.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The business had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $96.62 million. During the same period last year, the company earned $0.06 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis.

Several research analysts have issued reports on VRA shares. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC set a $10.00 price objective on Vera Bradley and gave the stock a “hold” rating in a research note on Monday, April 10th. Finally, FBR & Co reiterated an “outperform” rating and set a $12.00 price objective on shares of Vera Bradley in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.83.

Shares of Vera Bradley (VRA) opened at 9.65 on Thursday. The firm has a market capitalization of $348.89 million, a PE ratio of 26.51 and a beta of 0.87. Vera Bradley has a 52-week low of $7.70 and a 52-week high of $17.20. The company has a 50 day moving average of $9.18 and a 200 day moving average of $9.55.

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Several hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of Vera Bradley during the first quarter worth $101,000. Koch Industries Inc. acquired a new stake in shares of Vera Bradley during the first quarter worth $112,000. Wells Fargo & Company MN raised its stake in shares of Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock worth $125,000 after buying an additional 444 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Vera Bradley during the first quarter worth $133,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Vera Bradley by 14.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock worth $141,000 after buying an additional 1,943 shares during the period. Institutional investors own 58.43% 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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