Vera Bradley (NASDAQ:VRA) Releases FY 2022 Earnings Guidance

Vera Bradley (NASDAQ:VRA) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.850-1.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.860. The company issued revenue guidance of $555 million-575 million, compared to the consensus revenue estimate of $562.42 million.Vera Bradley also updated its FY22 guidance to $0.85-1.00 EPS.

Shares of NASDAQ:VRA opened at $12.26 on Friday. The firm has a market capitalization of $412.12 million, a P/E ratio of 49.04 and a beta of 1.84. Vera Bradley has a 1 year low of $3.83 and a 1 year high of $13.62. The business’s 50 day moving average is $11.21.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Tuesday, June 8th. The textile maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.14. The firm had revenue of $109.10 million for the quarter, compared to the consensus estimate of $100.86 million. Vera Bradley had a return on equity of 7.11% and a net margin of 1.85%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.31) EPS. On average, equities analysts expect that Vera Bradley will post 0.85 EPS for the current fiscal year.

A number of brokerages have weighed in on VRA. TheStreet raised Vera Bradley from a c rating to a b- rating in a report on Wednesday, March 3rd. Telsey Advisory Group raised their target price on Vera Bradley from $12.00 to $13.00 and gave the company a market perform rating in a report on Thursday. Cowen reissued a market perform rating and set a $12.00 price objective on shares of Vera Bradley in a report on Monday, March 29th. Finally, Zacks Investment Research raised Vera Bradley from a hold rating to a buy rating and set a $14.00 price objective on the stock in a report on Friday.

In other Vera Bradley news, Director P. Michael Miller sold 60,312 shares of Vera Bradley stock in a transaction dated Thursday, March 25th. The stock was sold at an average price of $10.01, for a total transaction of $603,723.12. Following the completion of the transaction, the director now owns 112,478 shares in the company, valued at approximately $1,125,904.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Robert J. Hall sold 100,000 shares of Vera Bradley stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $10.93, for a total value of $1,093,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 797,841 shares of company stock valued at $8,641,337. 20.90% of the stock is owned by corporate insiders.

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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