Vera Bradley (NASDAQ:VRA) Releases Q4 Earnings Guidance

Vera Bradley (NASDAQ:VRA) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.49-0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $155-162 million, compared to the consensus revenue estimate of $162.52 million.Vera Bradley also updated its FY 2020
Pre-Market guidance to $0.90-0.94 EPS.

A number of brokerages have recently commented on VRA. BidaskClub cut shares of Vera Bradley from a buy rating to a hold rating in a report on Wednesday, December 4th. ValuEngine cut shares of Vera Bradley from a hold rating to a sell rating in a report on Saturday, December 7th. Zacks Investment Research cut shares of Vera Bradley from a buy rating to a hold rating in a report on Friday, November 8th. Finally, Telsey Advisory Group dropped their target price on shares of Vera Bradley from $13.00 to $10.00 and set a market perform rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $11.00.

Shares of VRA stock opened at $11.03 on Thursday. Vera Bradley has a 12 month low of $7.94 and a 12 month high of $14.51. The stock has a market cap of $411.60 million, a PE ratio of 18.69 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $11.20 and its 200-day moving average price is $10.89.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, December 11th. The textile maker reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $127.50 million for the quarter, compared to analysts’ expectations of $124.48 million. Vera Bradley had a net margin of 3.82% and a return on equity of 6.55%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, sell-side analysts forecast that Vera Bradley will post 0.89 earnings per share for the current fiscal year.

In related news, major shareholder B. Baekgaard 2009 Gran Barbara sold 28,912 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.91, for a total value of $315,429.92. Following the transaction, the insider now owns 2,430,378 shares in the company, valued at approximately $26,515,423.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Thomas Farrell Byrne II sold 35,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.73, for a total transaction of $375,550.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,787 shares of company stock worth $1,009,312. 27.30% of the stock is currently owned by company insiders.

About Vera Bradley

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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