Vera Bradley (NASDAQ:VRA – Get Rating) is set to release earnings data before the market opens on Wednesday, June 8. Analysts expect Vera Bradley to post earnings of ($0.16) per share for the quarter. Vera Bradley set her forecast for fiscal year 2023 at $0.570-$0.670 EPS. Individuals wishing to listen to the company’s earnings conference call can do so using this link.

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

Vera Bradley stock opened Wednesday at $6.81. 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 capitalization of $221.49 million, a PE ratio of 13.10 and a beta of 1.79. The company’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 title. StockNews.com took over coverage of Vera Bradley stocks in a Thursday, March 31 research report. They issued a “holding” rating on the stock. Zacks Investment Research upgraded Vera Bradley’s shares from a “sell” rating to a “hold” rating in a Wednesday, May 11 research report. Finally, Telsey Advisory Group lowered its price target on Vera Bradley shares from $11.00 to $9.00 and set a “market performance” rating on the stock in a Thursday 10 research report. march. Four analysts rated the stock with a holding 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 stake in Vera Bradley by 133.0% during the second quarter. Wells Fargo & Company MN now owns 18,837 shares of the textile maker worth $234,000 after acquiring 10,752 additional shares during the period. Morgan Stanley increased its stake in Vera Bradley by 96.0% during the second quarter. Morgan Stanley now owns 243,389 shares of the textile maker 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 third quarter. Royal Bank of Canada now owns 107,388 shares of the textile maker worth $1,011,000 after acquiring 42,945 additional shares during the period. BNP Paribas Arbitrage SA increased its stake in Vera Bradley by 130.6% in the third quarter. BNP Paribas Arbitrage SA now owns 26,901 shares of the textile maker worth $253,000 after acquiring an additional 15,234 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Vera Bradley by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 284,001 shares of the textile maker worth $2,673,000 after acquiring 6,379 additional shares during the period. 70.79% of the shares are currently held by institutional investors and hedge funds.

Vera Bradley Company Profile (Get a rating)

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures and sells women’s handbags, luggage and travel goods, fashion and home accessories and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect and Pura Vida. The Company offers bags, such as tote bags, shoulder bags, satchels, clutches, backpacks, baby bags and lunch bags; accessories, including wallets, bracelets, glasses cases, scarves and various technological accessories; bracelets, rings and necklaces under the Pura Vida brand; and travel products consisting of rolling luggage, cosmetics, and travel and packaging accessories, as well as travel bags including duffel bags and weekend bags.

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