Vera Bradley, Inc. (VRA) Expected to Post Quarterly Sales of $111.83 Million

Wall Street brokerages expect Vera Bradley, Inc. (NASDAQ:VRA) to announce sales of $111.83 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided 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 would suggest a negative year-over-year growth rate of 6.2%. The firm is expected to report its next earnings report before the market opens on Wednesday, August 30th.

According to Zacks, analysts expect that Vera Bradley will report full-year sales of $111.83 million for the current fiscal year, with estimates ranging from $460.00 million to $466.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $454.07 million per share, with estimates ranging from $440.00 million to $461.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Vera Bradley.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $96.10 million for the quarter, compared to analyst estimates of $96.62 million. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS.

Several research analysts have commented on the company. Jefferies Group LLC reissued a “hold” rating and set a $10.00 target price on shares of Vera Bradley in a research note on Friday, July 14th. Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, FBR & Co reissued an “outperform” rating and set a $12.00 target price on shares of Vera Bradley in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.83.

Shares of Vera Bradley (VRA) traded up 2.38% on Friday, hitting $10.32. 231,012 shares of the stock traded hands. The stock has a 50 day moving average of $9.30 and a 200-day moving average of $9.49. The stock has a market cap of $373.11 million, a PE ratio of 27.89 and a beta of 0.87. Vera Bradley has a 1-year low of $7.70 and a 1-year high of $17.20.

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Several hedge funds have recently added to or reduced their stakes in VRA. O Shaughnessy Asset Management LLC bought a new stake in shares of Vera Bradley during the first quarter valued at approximately $101,000. Koch Industries Inc. bought a new stake in shares of Vera Bradley during the first quarter valued at approximately $112,000. New York State Teachers Retirement System boosted its stake in shares of Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock valued at $143,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock valued at $135,000 after buying an additional 157 shares during the last quarter. Institutional investors own 58.46% of the company’s stock.

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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