Vera Bradley (NASDAQ:VRA) Releases Earnings Results, Misses Estimates By $0.19 EPS

Vera Bradley (NASDAQ:VRA) posted its quarterly earnings results on Thursday. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.19), Zacks reports. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%.

Vera Bradley Price Performance

NASDAQ VRA opened at $2.15 on Thursday. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $60.07 million, a PE ratio of -0.61 and a beta of 1.75. Vera Bradley has a 12-month low of $1.71 and a 12-month high of $4.99. The company has a 50 day moving average price of $2.37 and a two-hundred day moving average price of $2.22.

Institutional Investors Weigh In On Vera Bradley

Several institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC bought a new stake in Vera Bradley in the second quarter worth $28,000. Qube Research & Technologies Ltd acquired a new stake in shares of Vera Bradley in the third quarter worth about $49,000. Corient Private Wealth LLC lifted 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 buying an additional 29,823 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Vera Bradley during the 2nd quarter worth about $126,000. Finally, Jane Street Group LLC increased its holdings in shares of Vera Bradley by 149.9% during the 1st quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 34,212 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analysts Set New Price Targets

VRA has been the topic of a number of research reports. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Finally, Small Cap Consu raised shares of Vera Bradley to a “hold” rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vera Bradley has a consensus rating of “Reduce”.

About Vera Bradley

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.