Vera Bradley (NASDAQ:VRA – Get Free Report) posted its quarterly earnings data on Tuesday. The textile maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.19, FiscalAI reports. The firm had revenue of $71.65 million for the quarter, compared to analysts’ expectations of $65.95 million. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%.
Vera Bradley Trading Down 3.2%
NASDAQ VRA opened at $3.04 on Tuesday. The stock’s 50 day moving average is $3.45 and its 200 day moving average is $3.49. Vera Bradley has a 12 month low of $1.39 and a 12 month high of $4.39. The stock has a market cap of $86.45 million, a PE ratio of -4.41 and a beta of 1.59.
Analyst Upgrades and Downgrades
VRA has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research report on Friday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
Vera Bradley Company Profile
Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.
The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.
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