Vera Bradley (NASDAQ:VRA) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15. The company issued revenue guidance of $98-103 million, compared to the consensus revenue estimate of $97.34 million.Vera Bradley also updated its FY19 guidance to $0.55-0.62 EPS.

NASDAQ:VRA opened at $14.29 on Wednesday. Vera Bradley has a one year low of $6.99 and a one year high of $15.47. The stock has a market capitalization of $522.44 million, a PE ratio of 23.82 and a beta of 0.37.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, June 6th. The textile maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Vera Bradley had a net margin of 2.18% and a return on equity of 8.27%. The business had revenue of $86.60 million during the quarter, compared to analyst estimates of $86.21 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. sell-side analysts expect that Vera Bradley will post 0.49 earnings per share for the current year.

A number of brokerages have recently issued reports on VRA. BidaskClub downgraded shares of Vera Bradley from a strong-buy rating to a buy rating in a research report on Tuesday, May 8th. ValuEngine raised shares of Vera Bradley from a hold rating to a buy rating in a research report on Thursday, May 17th. Zacks Investment Research raised shares of Vera Bradley from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Thursday, May 17th. Finally, Telsey Advisory Group lifted their price objective on shares of Vera Bradley from $11.00 to $15.00 and gave the stock a market perform rating in a research report on Thursday, June 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $12.60.

In other Vera Bradley news, Director Robert J. Hall sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $14.43, for a total transaction of $5,772,000.00. Following the sale, the director now owns 71,604 shares of the company’s stock, valued at approximately $1,033,245.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Michael C. Ray sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $14.43, for a total transaction of $8,658,000.00. Following the sale, the insider now directly owns 106,888 shares in the company, valued at approximately $1,542,393.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,189,700 shares of company stock worth $17,109,961. Insiders own 30.10% of the company’s stock.

About Vera Bradley

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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

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