Vera Bradley, Inc. (VRA) Expected to Announce Quarterly Sales of $111.83 Million
Analysts expect Vera Bradley, Inc. (NASDAQ:VRA) to post $111.83 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vera Bradley’s earnings. The highest sales estimate is $112.09 million and the lowest is $111.40 million. Vera Bradley posted sales of $119.25 million during the same quarter last year, which suggests a negative year over year growth rate of 6.2%. The company is scheduled to report its next earnings results before the market opens on Wednesday, August 30th.
On average, analysts expect that Vera Bradley will report full year sales of $111.83 million for the current financial year, with estimates ranging from $460.00 million to $466.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $454.07 million per share, with estimates ranging from $440.00 million to $461.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Vera Bradley.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data 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 company had revenue of $96.10 million during the quarter, compared to the consensus estimate of $96.62 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue was down 8.7% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Jefferies Group LLC set a $10.00 target price on shares of Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. Finally, FBR & Co restated an “outperform” rating and set a $12.00 price target on shares of Vera Bradley in a research note on Tuesday, July 11th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.83.
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 approximately $101,000. Teton Advisors Inc. bought a new position in shares of Vera Bradley during the second quarter worth $102,000. Koch Industries Inc. bought a new position in shares of Vera Bradley during the first quarter worth $112,000. LMR Partners LLP bought a new position in shares of Vera Bradley during the second quarter worth $115,000. Finally, Wells Fargo & Company MN increased its position 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. Institutional investors and hedge funds own 56.87% of the company’s stock.
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Vera Bradley (VRA) opened at 9.80 on Wednesday. The company has a 50-day moving average of $9.72 and a 200-day moving average of $9.36. The company has a market cap of $354.31 million, a P/E ratio of 26.92 and a beta of 0.87. Vera Bradley has a 52-week low of $7.70 and a 52-week high of $17.20.
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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