Vera Bradley (VRA) Updates Q4 Earnings Guidance
Vera Bradley (NASDAQ:VRA) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.30-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. The company issued revenue guidance of $127-132 million, compared to the consensus revenue estimate of $138.75 million.
Shares of Vera Bradley (NASDAQ VRA) opened at $8.64 on Wednesday. Vera Bradley has a fifty-two week low of $6.99 and a fifty-two week high of $14.89. The stock has a market cap of $310.74, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.
Several equities research analysts recently weighed in on VRA shares. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the company a buy rating in a research note on Monday, August 28th. B. Riley reiterated a buy rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Vera Bradley from a hold rating to a buy rating and set a $8.00 target price for the company in a research note on Wednesday, November 1st. Jefferies Group reiterated a hold rating and issued a $11.00 target price on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, KeyCorp reiterated a hold rating on shares of Vera Bradley in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $10.33.
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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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