Vera Bradley (VRA) to Release Earnings on Wednesday

Vera Bradley (NASDAQ:VRAGet Rating) is set to release its earnings data before the market opens on Wednesday, June 8th. Analysts expect Vera Bradley to post earnings of ($0.16) per share for the quarter. Vera Bradley has set its FY 2023 guidance at $0.570-$0.670 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Vera Bradley (NASDAQ:VRAGet Rating) last released its quarterly earnings results on Wednesday, March 9th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). Vera Bradley had a return on equity of 6.10% and a net margin of 3.30%. The firm had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $155.43 million. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect Vera Bradley to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vera Bradley stock opened at $6.81 on Wednesday. Vera Bradley has a fifty-two week low of $5.71 and a fifty-two week high of $13.62. The stock has a market cap of $221.49 million, a PE ratio of 13.10 and a beta of 1.79. The firm’s 50-day simple moving average is $6.73 and its 200 day simple moving average is $7.83.

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Vera Bradley in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Telsey Advisory Group lowered their price objective on shares of Vera Bradley from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, March 10th. Four analysts have rated the stock with a hold rating, According to MarketBeat, Vera Bradley currently has a consensus rating of “Hold” and a consensus price target of $11.67.

A number of institutional investors have recently bought and sold shares of VRA. Wells Fargo & Company MN increased its holdings in Vera Bradley by 133.0% during the 2nd quarter. Wells Fargo & Company MN now owns 18,837 shares of the textile maker’s stock worth $234,000 after acquiring an additional 10,752 shares during the period. Morgan Stanley increased its holdings in Vera Bradley by 96.0% during the 2nd quarter. Morgan Stanley now owns 243,389 shares of the textile maker’s stock worth $3,016,000 after acquiring an additional 119,189 shares during the period. Royal Bank of Canada increased its holdings in Vera Bradley by 66.6% during the 3rd quarter. Royal Bank of Canada now owns 107,388 shares of the textile maker’s stock worth $1,011,000 after acquiring an additional 42,945 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Vera Bradley by 130.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,901 shares of the textile maker’s stock worth $253,000 after acquiring an additional 15,234 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Vera Bradley by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 284,001 shares of the textile maker’s stock worth $2,673,000 after acquiring an additional 6,379 shares during the period. 70.79% of the stock is currently owned by institutional investors and hedge funds.

Vera Bradley Company Profile (Get Rating)

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.

See Also

Earnings History for Vera Bradley (NASDAQ:VRA)

Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.