Analysts expect Vera Bradley, Inc. (NASDAQ:VRA) to report sales of $115.26 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vera Bradley’s earnings. The highest sales estimate is $117.00 million and the lowest is $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 scheduled to report its next quarterly earnings results on Wednesday, December 6th.

On average, analysts expect that Vera Bradley will report full year sales of $115.26 million for the current year, with estimates ranging from $461.00 million to $463.37 million. For the next fiscal year, analysts anticipate 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 calculations are an average based on a survey of sell-side analysts that that provide coverage for Vera Bradley.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The business had revenue of $114.10 million for the quarter, compared to analyst estimates of $114.55 million. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share.

A number of equities analysts have recently issued reports on VRA shares. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the stock a “buy” rating in a research report on Monday, August 28th. B. Riley restated a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. One investment 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 has an average rating of “Hold” and an average target price of $10.33.

In related news, EVP Kimberly F. Colby sold 170,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the sale, the executive vice president now directly owns 21,655 shares of the company’s stock, valued at $183,417.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Teton Advisors Inc. acquired a new stake in Vera Bradley in the second quarter valued at $102,000. LMR Partners LLP acquired a new stake in Vera Bradley in the second quarter valued at $115,000. Voya Investment Management LLC lifted its holdings in Vera Bradley by 29.4% in the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 3,014 shares during the period. Texas Permanent School Fund lifted its holdings in Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 157 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Vera Bradley by 11.6% in the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock valued at $147,000 after acquiring an additional 1,556 shares during the period. 61.87% of the stock is owned by institutional investors.

Vera Bradley (NASDAQ VRA) opened at $11.03 on Thursday. The stock has a market cap of $310.74, a P/E ratio of 16.56, a PEG ratio of 1.84 and a beta of 1.10. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $14.08.

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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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