Vera Bradley (NASDAQ:VRA) Announces Earnings Results, Beats Expectations By $0.24 EPS

Vera Bradley (NASDAQ:VRA) announced its earnings results on Thursday. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.24, FiscalAI reports. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. The firm had revenue of $55.70 million for the quarter, compared to analyst estimates of $49.12 million.

Vera Bradley Price Performance

Shares of VRA stock opened at $3.18 on Thursday. Vera Bradley has a 1-year low of $1.39 and a 1-year high of $4.39. The firm has a fifty day moving average of $3.63 and a two-hundred day moving average of $3.02. The firm has a market cap of $90.44 million, a P/E ratio of -1.85 and a beta of 1.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC bought a new stake in shares of Vera Bradley during the 2nd quarter worth about $28,000. Qube Research & Technologies Ltd bought a new stake in shares of Vera Bradley in the 3rd quarter worth approximately $49,000. Simplex Trading LLC increased its position in shares of Vera Bradley by 55.0% in the fourth quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock worth $85,000 after acquiring an additional 12,442 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Vera Bradley by 266.8% in the second quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock worth $91,000 after acquiring an additional 29,823 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Vera Bradley during the third quarter valued at approximately $121,000. 59.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Vera Bradley has an average 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.