Vera Bradley (NASDAQ:VRA) issued its quarterly earnings results on Wednesday. The textile maker reported ($0.07) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.07), Briefing.com reports. Vera Bradley had a net margin of 4.99% and a return on equity of 7.15%. The business had revenue of $91.00 million for the quarter, compared to analyst estimates of $87.95 million. During the same quarter in the prior year, the business posted ($0.04) EPS. Vera Bradley’s revenue for the quarter was up 5.1% compared to the same quarter last year. Vera Bradley updated its Q2 guidance to $0.25-0.28 EPS and its FY20 guidance to $0.67-0.74 EPS.
VRA stock opened at $11.33 on Thursday. The firm has a market capitalization of $382.04 million, a PE ratio of 19.20 and a beta of 0.78. Vera Bradley has a 12 month low of $7.94 and a 12 month high of $17.38.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. BidaskClub lowered shares of Vera Bradley from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. ValuEngine downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Vera Bradley in a report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $13.50.
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Vera Bradley Company Profile
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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