Vera Bradley, Inc. (VRA) Expected to Post Quarterly Sales of $130.35 Million

Wall Street brokerages forecast that Vera Bradley, Inc. (NASDAQ:VRA) will report $130.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Vera Bradley’s earnings. The highest sales estimate is $132.00 million and the lowest is $128.95 million. Vera Bradley reported sales of $134.85 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The firm is scheduled to issue its next earnings report on Wednesday, March 14th.

On average, analysts expect that Vera Bradley will report full year sales of $130.35 million for the current fiscal year, with estimates ranging from $451.60 million to $455.00 million. For the next financial year, analysts anticipate that the firm will post sales of $418.55 million per share, with estimates ranging from $414.14 million to $425.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Vera Bradley.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The business had revenue of $114.10 million during the quarter, compared to the consensus estimate of $114.55 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year.

A number of research firms have recently commented on VRA. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. BidaskClub upgraded Vera Bradley from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, November 1st. Robert W. Baird set a $11.00 target price on Vera Bradley and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Vera Bradley in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.

In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the sale, the insider now owns 32,605 shares in the company, valued at approximately $402,019.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. purchased a new stake in Vera Bradley in the fourth quarter worth $160,000. Voya Investment Management LLC increased its stake 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 worth $130,000 after purchasing an additional 3,014 shares during the period. Wells Fargo & Company MN increased its stake 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 worth $147,000 after purchasing an additional 1,556 shares during the period. Hartford Investment Management Co. purchased a new stake in Vera Bradley in the third quarter worth $141,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Vera Bradley in the fourth quarter worth $201,000. Institutional investors and hedge funds own 63.49% of the company’s stock.

Vera Bradley (NASDAQ VRA) opened at $9.96 on Wednesday. The company has a market capitalization of $350.21, a P/E ratio of 17.94, a PEG ratio of 2.30 and a beta of 0.83. Vera Bradley has a 52-week low of $6.99 and a 52-week high of $12.83.

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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.

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

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