Vera Bradley (NASDAQ:VRA) Issues Earnings Results

Vera Bradley (NASDAQ:VRA) issued its quarterly earnings data on Tuesday. The textile maker reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.19, FiscalAI reports. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%.The business had revenue of $71.65 million for the quarter, compared to analysts’ expectations of $65.95 million.

Vera Bradley Stock Down 3.2%

Shares of VRA opened at $3.04 on Tuesday. The business has a fifty day moving average of $3.45 and a 200 day moving average of $3.49. The company has a market cap of $86.45 million, a PE ratio of -4.41 and a beta of 1.59. Vera Bradley has a 52-week low of $1.39 and a 52-week high of $4.39.

Analyst Upgrades and Downgrades

VRA has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research note on Friday. Wall Street Zen downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Vera Bradley Company Profile

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.