Vera Bradley, Inc. (NASDAQ:VRA) – Research analysts at KeyCorp upped their FY2018 earnings estimates for Vera Bradley in a note issued to investors on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.58 per share for the year, up from their prior estimate of $0.46. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Vera Bradley’s Q4 2018 earnings at $0.32 EPS, Q2 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.30 EPS.

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

A number of other equities analysts have also recently issued reports on VRA. BidaskClub cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. B. Riley restated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $12.00 price target on shares of Vera Bradley in a research note on Thursday. Zacks Investment Research upgraded shares of 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. Finally, Jefferies Group reiterated a “hold” rating and set a $11.00 price objective on shares of Vera Bradley in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.86.

Vera Bradley (NASDAQ:VRA) opened at $11.66 on Friday. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $13.13. The company has a market cap of $419.35, a PE ratio of 20.55, a PEG ratio of 2.05 and a beta of 1.10.

In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the sale, the executive vice president now owns 21,655 shares of the company’s stock, valued at approximately $183,417.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in VRA. Teton Advisors Inc. bought a new position in shares of Vera Bradley during the 2nd quarter worth about $102,000. LMR Partners LLP acquired a new stake in shares of Vera Bradley during the 2nd quarter valued at about $115,000. Voya Investment Management LLC boosted its position in shares of Vera Bradley by 29.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 3,014 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Vera Bradley by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 157 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Vera Bradley by 14.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,943 shares in the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.

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Vera Bradley Company Profile

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.

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