Vera Bradley (NASDAQ:VRA – Get Rating) posted its quarterly earnings results on Wednesday. The textile maker reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03), Briefing.com reports. Vera Bradley had a return on equity of 4.74% and a net margin of 2.46%. The business had revenue of $98.50 million for the quarter, compared to the consensus estimate of $109.87 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Vera Bradley updated its FY23 guidance to $0.35-0.50 EPS and its FY 2023 guidance to $0.35-$0.50 EPS.
NASDAQ:VRA traded down $0.24 on Friday, hitting $5.53. The company’s stock had a trading volume of 4,767 shares, compared to its average volume of 454,925. The stock has a fifty day moving average of $6.51 and a two-hundred day moving average of $7.64. The firm has a market capitalization of $179.39 million, a P/E ratio of 15.59 and a beta of 1.78. Vera Bradley has a one year low of $5.56 and a one year high of $12.90.
A number of research analysts recently issued reports on VRA shares. Telsey Advisory Group decreased their price objective on shares of Vera Bradley from $9.00 to $7.00 and set a “market perform” rating for the company in a report on Thursday. StockNews.com raised Vera Bradley from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.00.
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.
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