Vera Bradley, Inc. (NASDAQ:VRA) – Analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of Vera Bradley in a note issued to investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the textile maker will post earnings per share of $0.60 for the year, up from their previous forecast of $0.58. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock.

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

VRA has been the topic of several other reports. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the stock a “hold” rating in a research report on Thursday, December 7th. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. FBR & Co set a $12.00 price target on Vera Bradley and gave the stock a “buy” rating in a research report on Monday, August 28th. KeyCorp restated a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.86.

Shares of Vera Bradley (VRA) traded up $0.64 during trading on Thursday, hitting $12.43. The stock had a trading volume of 1,327,760 shares, compared to its average volume of 704,885. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.84. The company has a market cap of $418.34, a price-to-earnings ratio of 21.44, a PEG ratio of 2.03 and a beta of 1.10.

In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total value of $1,439,900.00. Following the completion of the sale, the executive vice president now owns 21,655 shares in the company, valued at approximately $183,417.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. 39.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRA. California Public Employees Retirement System lifted its holdings in Vera Bradley by 63.1% in the 1st quarter. California Public Employees Retirement System now owns 71,100 shares of the textile maker’s stock worth $662,000 after buying an additional 27,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vera Bradley by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock valued at $16,215,000 after purchasing an additional 194,971 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vera Bradley by 20.4% in the 1st quarter. Geode Capital Management LLC now owns 201,508 shares of the textile maker’s stock valued at $1,875,000 after purchasing an additional 34,134 shares during the period. Morgan Stanley lifted its stake in shares of Vera Bradley by 20.6% in the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock valued at $1,259,000 after purchasing an additional 23,101 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Vera Bradley by 111.5% in the 1st quarter. Bank of America Corp DE now owns 32,246 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 16,998 shares during the period. Institutional investors and hedge funds own 61.87% of the company’s stock.

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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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