Vera Bradley, Inc. (NASDAQ:VRA) – Analysts at KeyCorp cut their Q1 2019 EPS estimates for shares of Vera Bradley in a research report issued on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings of ($0.16) per share for the quarter, down from their prior forecast of ($0.08). KeyCorp also issued estimates for Vera Bradley’s Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.37 EPS.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The firm had revenue of $114.10 million for the quarter, compared to analyst estimates of $114.55 million. During the same period last year, the firm posted $0.20 EPS. Vera Bradley’s quarterly revenue was down 9.9% on a year-over-year basis.

A number of other equities analysts have also weighed in on VRA. BidaskClub upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Jefferies Group reiterated a “hold” rating and issued a $11.00 price objective on shares of Vera Bradley in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Wednesday, November 1st. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of Vera Bradley in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.00.

Vera Bradley (NASDAQ:VRA) traded down $0.05 during trading hours on Monday, reaching $11.14. 233,600 shares of the company were exchanged, compared to its average volume of 393,956. Vera Bradley has a 1 year low of $6.99 and a 1 year high of $12.83. The stock has a market cap of $394.21, a price-to-earnings ratio of 222.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.08.

In other Vera Bradley news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total transaction of $151,560.36. Following the sale, the insider now directly owns 32,605 shares in the company, valued at approximately $402,019.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.60% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock worth $21,776,000 after buying an additional 413,983 shares during the last quarter. FMR LLC raised its stake in shares of Vera Bradley by 14.9% during the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after buying an additional 125,051 shares during the last quarter. AHL Partners LLP raised its stake in Vera Bradley by 133.2% in the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after purchasing an additional 22,500 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Vera Bradley by 25.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock valued at $658,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Vera Bradley in the 3rd quarter valued at about $283,000. 63.00% of the stock is owned by institutional investors and hedge funds.

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About Vera Bradley

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.

Earnings History and Estimates for Vera Bradley (NASDAQ:VRA)

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