Vera Bradley (NASDAQ:VRA) posted its quarterly earnings results on Wednesday. The textile maker reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01, Bloomberg Earnings reports. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $130.02 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. Vera Bradley updated its FY19 guidance to $0.35-0.45 EPS.
Shares of Vera Bradley (VRA) traded down $0.81 during trading on Wednesday, reaching $9.49. The company had a trading volume of 1,091,708 shares, compared to its average volume of 292,810. The firm has a market cap of $376.12, a P/E ratio of 212.00, a PEG ratio of 2.35 and a beta of 0.69. Vera Bradley has a twelve month low of $6.99 and a twelve month high of $12.83.
In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the firm’s 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 of the company’s stock, valued at approximately $402,019.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.60% of the company’s stock.
A number of research analysts have recently weighed in on the company. BidaskClub downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird set a $11.00 price objective on Vera Bradley and gave the stock a “hold” rating in a research note on Thursday, December 7th. Cowen reaffirmed a “hold” rating and set a $12.00 price objective on shares of Vera Bradley in a research note on Thursday, December 7th. Finally, Zacks Investment Research downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Vera Bradley currently has a consensus rating of “Hold” and a consensus price target of $11.00.
COPYRIGHT VIOLATION WARNING: “Vera Bradley (VRA) Posts Earnings Results, Beats Estimates By $0.01 EPS” was posted by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/03/14/vera-bradley-vra-posts-earnings-results-beats-estimates-by-0-01-eps.html.
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.
Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.