Vera Bradley, Inc. (VRA) Updates FY13 Earnings Guidance
Vera Bradley, Inc. (VRA) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.60-1.63 for the period. Vera Bradley also updated its Q3 guidance to $0.37-0.39 EPS.
Shares of Vera Bradley, Inc. (VRA) traded up 3.55% during mid-day trading on Wednesday, hitting $22.46. Vera Bradley, Inc. (VRA) has a one year low of $18.91 and a one year high of $45.91. The company has a market cap of $910.4 million and a P/E ratio of 14.88.
Vera Bradley last issued its quarterly earnings data on Wednesday, August 29th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.02. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $122.05 million. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts predict that Vera Bradley, Inc. (VRA) will post $1.62 earnings per share for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at Piper Jaffray cut their price target on shares of Vera Bradley from $50.00 to $32.00 in a research note to investors on Thursday, August 30th. They now have an overweight rating on the stock. On a related note, analysts at Robert W. Baird cut their price target on shares of Vera Bradley from $36.00 to $30.00 in a research note to investors on Thursday, August 30th. They now have an outperform rating on the stock. Finally, analysts at William Blair reiterated an outperform rating on shares of Vera Bradley in a research note to investors on Thursday, August 30th.
Vera Bradley, Inc. (Vera Bradley) is a designer, producer, marketer, and retailer of functional accessories for women.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.