Vera Bradley (VRA) Updates FY19 Earnings Guidance

Vera Bradley (NASDAQ:VRA) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.35-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The company issued revenue guidance of 405-425 million, compared to the consensus revenue estimate of $415.42 million.

Vera Bradley (NASDAQ VRA) opened at $10.35 on Wednesday. Vera Bradley has a 1-year low of $6.99 and a 1-year high of $12.83. The company has a market cap of $358.73, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.35 and a beta of 0.69.

A number of research analysts recently commented on VRA shares. Cowen reaffirmed a hold rating and issued a $12.00 price target on shares of Vera Bradley in a report on Thursday, December 7th. Robert W. Baird set a $11.00 price target on shares of Vera Bradley and gave the company a hold rating in a report on Thursday, December 7th. BidaskClub downgraded shares of Vera Bradley from a hold rating to a sell rating in a report on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of Vera Bradley from a hold rating to a sell rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $11.00.

In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $12.33, for a total value of $151,560.36. Following the completion of the transaction, the insider now owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 39.60% of the stock is currently owned by company insiders.

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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.

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

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