Vera Bradley, Inc. (NASDAQ:VRA) – Stock analysts at KeyCorp decreased their Q1 2019 earnings per share estimates for Vera Bradley in a report released on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings per share of ($0.16) for the quarter, down from their previous forecast of ($0.08). KeyCorp also issued estimates for Vera Bradley’s Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.37 EPS.

Several other analysts have also issued reports on the company. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird set a $12.00 price objective on Vera Bradley and gave the company a “hold” rating in a research note on Monday, December 25th. Cowen reiterated a “hold” rating and set a $12.00 price objective on shares of Vera Bradley in a research note on Thursday, December 7th. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Shares of Vera Bradley (NASDAQ:VRA) traded down $0.81 on Monday, hitting $10.33. The company’s stock had a trading volume of 440,039 shares, compared to its average volume of 398,560. The company has a market capitalization of $395.28, a price-to-earnings ratio of 206.60, a PEG ratio of 1.92 and a beta of 1.08. Vera Bradley has a 52-week low of $6.99 and a 52-week high of $12.83.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The firm had revenue of $114.10 million for the quarter, compared to analyst estimates of $114.55 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The business’s revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Vera Bradley by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock worth $21,776,000 after acquiring an additional 413,983 shares during the last quarter. FMR LLC increased its stake in Vera Bradley by 14.9% in the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock worth $9,438,000 after acquiring an additional 125,051 shares during the last quarter. AHL Partners LLP increased its stake in Vera Bradley by 133.2% in the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock worth $385,000 after acquiring an additional 22,500 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Vera Bradley by 25.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock worth $658,000 after acquiring an additional 13,700 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in Vera Bradley in the 3rd quarter worth about $283,000. Institutional investors and hedge funds own 63.00% of the company’s stock.

In related news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the sale, the insider now directly owns 32,605 shares in the company, valued at approximately $402,019.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 39.60% of the company’s stock.

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About Vera Bradley

Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

Earnings History and Estimates for Vera Bradley (NASDAQ:VRA)

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