Vera Bradley (NASDAQ:VRA) Issues FY 2020 Earnings Guidance

Vera Bradley (NASDAQ:VRA) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.86-0.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.71. The company issued revenue guidance of $490-505 million, compared to the consensus revenue estimate of $432.89 million.Vera Bradley also updated its Q3 2020 guidance to $0.16-0.20 EPS.

NASDAQ:VRA opened at $8.85 on Friday. The firm has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $11.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.15 and a quick ratio of 2.53. The firm has a market cap of $302.79 million, a PE ratio of 16.09 and a beta of 0.86. Vera Bradley has a 1-year low of $7.94 and a 1-year high of $17.38.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $119.79 million during the quarter, compared to analyst estimates of $117.35 million. Vera Bradley had a net margin of 3.82% and a return on equity of 6.57%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. As a group, sell-side analysts expect that Vera Bradley will post 0.9 earnings per share for the current fiscal year.

VRA has been the subject of several analyst reports. ValuEngine downgraded Vera Bradley from a hold rating to a sell rating in a report on Thursday. Zacks Investment Research reiterated a buy rating and issued a $12.00 target price on shares of Vera Bradley in a research note on Saturday, June 15th. Telsey Advisory Group dropped their target price on Vera Bradley from $13.00 to $10.00 and set a market perform rating for the company in a research note on Thursday. Finally, BidaskClub upgraded Vera Bradley from a sell rating to a hold rating in a research note on Saturday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Vera Bradley presently has a consensus rating of Hold and a consensus price target of $11.00.

In other news, CTO Bradley Baekgaard Fami Barbara sold 16,674 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $24.56, for a total transaction of $409,513.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder James Bradley Byrne sold 35,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $11.34, for a total value of $396,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,731 shares of company stock valued at $3,348,955. Corporate insiders own 27.30% of the company’s stock.

Vera Bradley Company Profile

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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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