Vera Bradley, Inc. (VRA) Expected to Announce Quarterly Sales of $111.83 Million
Equities analysts predict that Vera Bradley, Inc. (NASDAQ:VRA) will post sales of $111.83 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vera Bradley’s earnings, with the highest sales estimate coming in at $112.09 million and the lowest estimate coming in at $111.40 million. Vera Bradley reported sales of $119.25 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, August 30th.
On average, analysts expect that Vera Bradley will report full year sales of $111.83 million for the current financial year, with estimates ranging from $460.00 million to $466.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $454.07 million per share, with estimates ranging from $440.00 million to $461.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Vera Bradley.
Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $96.62 million. During the same period last year, the company earned $0.06 earnings per share. Vera Bradley’s revenue for the quarter was down 8.7% compared to the same quarter last year.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $10.00 target price on shares of Vera Bradley in a research report on Friday, July 14th. Finally, FBR & Co reiterated an “outperform” rating and set a $12.00 target price on shares of Vera Bradley in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Vera Bradley has a consensus rating of “Hold” and an average price target of $11.83.
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Large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in Vera Bradley by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,793 shares of the textile maker’s stock worth $184,000 after buying an additional 50 shares in the last quarter. Texas Permanent School Fund boosted its stake in Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock worth $135,000 after buying an additional 157 shares in the last quarter. Teachers Advisors LLC boosted its stake in Vera Bradley by 0.4% in the second quarter. Teachers Advisors LLC now owns 36,670 shares of the textile maker’s stock worth $359,000 after buying an additional 161 shares in the last quarter. Jennison Associates LLC boosted its stake in Vera Bradley by 0.4% in the second quarter. Jennison Associates LLC now owns 58,877 shares of the textile maker’s stock worth $576,000 after buying an additional 260 shares in the last quarter. Finally, Comerica Bank boosted its stake in Vera Bradley by 1.6% in the first quarter. Comerica Bank now owns 21,265 shares of the textile maker’s stock worth $197,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 56.87% of the company’s stock.
Shares of Vera Bradley (NASDAQ VRA) opened at 9.80 on Wednesday. The firm has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.36. The firm has a market capitalization of $354.31 million, a price-to-earnings ratio of 26.92 and a beta of 0.87. Vera Bradley has a one year low of $7.70 and a one year high of $17.20.
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.
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