Vera Bradley (NASDAQ:VRA) Issues Earnings Results

by · The Cerbat Gem

Vera Bradley (NASDAQ:VRA – Get Free Report) issued its quarterly earnings data on Thursday. The textile maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07, FiscalAI reports. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. The business had revenue of $62.25 million during the quarter, compared to the consensus estimate of $61.69 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share.

Vera Bradley Price Performance

Shares of NASDAQ:VRA traded down $0.35 during midday trading on Thursday, hitting $1.80. The company had a trading volume of 5,801,822 shares, compared to its average volume of 419,957. Vera Bradley has a twelve month low of $1.39 and a twelve month high of $4.73. The stock has a market cap of $50.29 million, a price-to-earnings ratio of -0.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. The business’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $2.22.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Small Cap Consu upgraded shares of Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vera Bradley currently has an average rating of “Reduce”.

View Our Latest Stock Analysis on VRA

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. increased its position in Vera Bradley by 15.2% during the third quarter. Nomura Holdings Inc. now owns 1,846,432 shares of the textile maker’s stock worth $3,711,000 after purchasing an additional 243,900 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vera Bradley by 21.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 542,579 shares of the textile maker’s stock worth $1,091,000 after buying an additional 96,044 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of Vera Bradley by 12.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 303,938 shares of the textile maker’s stock valued at $672,000 after buying an additional 32,702 shares during the period. Jane Street Group LLC lifted its holdings in Vera Bradley by 224.4% in the second quarter. Jane Street Group LLC now owns 185,035 shares of the textile maker’s stock valued at $409,000 after acquiring an additional 127,994 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Vera Bradley by 7.9% during the first quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after acquiring an additional 12,021 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

About Vera Bradley

(Get Free Report)

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 ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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