Vera Bradley (NASDAQ:VRA) Posts Earnings Results, Beats Expectations By $0.13 EPS

Key Points

• Vera Bradley reported a quarterly earnings per share (EPS) of ($0.02), surpassing analysts' estimates of ($0.15) by $0.13.
• The company has experienced a negative net margin of 25.52% and a negative return on equity of 11.07%.
• Recent institutional investments included a 266.8% increase in stake by Corient Private Wealth LLC, indicating growing interest in the company.

Vera Bradley (NASDAQ:VRA - Get Free Report) posted its quarterly earnings results on Thursday. The textile maker reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.13, Zacks reports. Vera Bradley had a negative net margin of 25.52% and a negative return on equity of 11.07%.

Vera Bradley Trading Down 0.9%

VRA opened at $2.28 on Thursday. Vera Bradley has a 1-year low of $1.71 and a 1-year high of $5.99. The company has a market capitalization of $63.68 million, a PE ratio of -0.72 and a beta of 1.76. The firm's 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.21.

Institutional Trading of Vera Bradley

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC increased its stake 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 purchasing an additional 29,823 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Vera Bradley by 12.1% in the second quarter. Bridgeway Capital Management LLC now owns 303,938 shares of the textile maker's stock worth $672,000 after purchasing an additional 32,702 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Vera Bradley by 224.4% in the second quarter. Jane Street Group LLC now owns 185,035 shares of the textile maker's stock worth $409,000 after purchasing an additional 127,994 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Vera Bradley in the second quarter worth $28,000. Finally, Marshall Wace LLP purchased a new stake in shares of Vera Bradley in the second quarter worth $363,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VRA shares. Small Cap Consu upgraded shares of Vera Bradley to a "hold" rating in a research report on Monday, August 18th. Zacks Research upgraded shares of Vera Bradley from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Vera Bradley has a consensus rating of "Hold".

Vera Bradley Company Profile

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.

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