Vera Bradley, Inc. (NASDAQ:VRA) – Analysts at KeyCorp decreased their Q2 2019 earnings per share estimates for shares of Vera Bradley in a report issued on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.12.
A number of other research firms have also commented on VRA. Robert W. Baird set a $12.00 price objective on shares of Vera Bradley and gave the company a “hold” rating in a research note on Monday, December 25th. BidaskClub lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen reiterated a “hold” rating and set a $12.00 price objective on shares of Vera Bradley in a research note on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and set a $11.00 price objective on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Vera Bradley presently has an average rating of “Hold” and an average price target of $11.00.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. Vera Bradley had a net margin of 0.43% and a return on equity of 7.06%. The company had revenue of $114.10 million for the quarter, compared to analyst estimates of $114.55 million. During the same quarter last year, the business earned $0.20 earnings per share. Vera Bradley’s revenue was down 9.9% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Vera Bradley by 16.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 330,412 shares of the textile maker’s stock worth $2,911,000 after buying an additional 47,409 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Vera Bradley by 27.2% during the third quarter. California Public Employees Retirement System now owns 129,449 shares of the textile maker’s stock worth $1,140,000 after buying an additional 27,649 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Vera Bradley by 62.1% during the third quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock worth $26,077,000 after buying an additional 1,133,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vera Bradley by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock worth $22,294,000 after buying an additional 303,858 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new stake in Vera Bradley during the third quarter worth approximately $141,000. Hedge funds and other institutional investors own 63.00% of the company’s stock.
In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the sale, the insider now directly owns 32,605 shares in the company, valued at $402,019.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.60% of the company’s stock.
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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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