Vera Bradley, Inc. (NASDAQ:VRA) Expected to Announce Quarterly Sales of $111.50 Million

Wall Street analysts expect Vera Bradley, Inc. (NASDAQ:VRAGet Rating) to report $111.50 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vera Bradley’s earnings. The highest sales estimate is $127.80 million and the lowest is $103.00 million. Vera Bradley reported sales of $109.09 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vera Bradley will report full-year sales of $567.94 million for the current fiscal year, with estimates ranging from $565.00 million to $570.63 million. For the next financial year, analysts anticipate that the business will report sales of $592.55 million, with estimates ranging from $589.00 million to $595.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vera Bradley.

Vera Bradley (NASDAQ:VRAGet Rating) last issued its earnings results on Wednesday, March 9th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). The company had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $155.43 million. Vera Bradley had a net margin of 3.30% and a return on equity of 6.10%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share.

Several research firms have recently weighed in on VRA. TheStreet cut Vera Bradley from a “b-” rating to a “c” rating in a research note on Monday, January 31st. Telsey Advisory Group cut their price target on Vera Bradley from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Thursday, March 10th. Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Finally, StockNews.com started coverage on Vera Bradley in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Vera Bradley has a consensus rating of “Hold” and an average target price of $11.67.

NASDAQ:VRA traded down $0.26 during trading hours on Wednesday, reaching $6.15. 221,943 shares of the company traded hands, compared to its average volume of 229,797. The business’s 50-day moving average price is $7.29 and its two-hundred day moving average price is $8.40. The stock has a market capitalization of $200.00 million, a P/E ratio of 11.83 and a beta of 1.77. Vera Bradley has a 1 year low of $6.14 and a 1 year high of $13.62.

Several institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY purchased a new position in shares of Vera Bradley during the 3rd quarter valued at about $69,000. Maryland State Retirement & Pension System acquired a new stake in Vera Bradley in the 4th quarter worth about $86,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Vera Bradley during the fourth quarter valued at approximately $91,000. Voya Investment Management LLC acquired a new position in shares of Vera Bradley during the third quarter valued at approximately $96,000. Finally, Citigroup Inc. raised its holdings in shares of Vera Bradley by 11.1% during the third quarter. Citigroup Inc. now owns 13,130 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 1,314 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

About Vera Bradley (Get Rating)

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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