Vera Bradley (NASDAQ:VRA) Releases Quarterly Earnings Results, Beats Estimates 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) issued its quarterly earnings results on Thursday. The textile maker reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.13, Zacks reports. The business had revenue of $70.86 million during the quarter, compared to analyst estimates of $78.52 million. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. During the same quarter last year, the business posted $0.13 earnings per share.

Vera Bradley Price Performance

Vera Bradley stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.10. 61,007 shares of the company traded hands, compared to its average volume of 266,365. Vera Bradley has a one year low of $1.71 and a one year high of $5.99. The stock has a market cap of $58.53 million, a price-to-earnings ratio of -0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.76 and a current ratio of 2.43. The stock has a fifty day moving average price of $2.11 and a 200-day moving average price of $2.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VRA. Jump Financial LLC bought a new stake in shares of Vera Bradley during the 2nd quarter valued at $28,000. Corient Private Wealth LLC increased its holdings in Vera Bradley by 266.8% in the 2nd 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. XTX Topco Ltd purchased a new stake in Vera Bradley in the 2nd quarter worth approximately $126,000. Jane Street Group LLC grew its holdings in 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 buying an additional 34,212 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Vera Bradley by 7.9% during the 1st quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker's stock valued at $368,000 after acquiring an additional 12,021 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VRA has been the topic of several recent research reports. Small Cap Consu upgraded shares of Vera Bradley to a "hold" rating in a research note on Monday, August 18th. Zacks Research raised shares of Vera Bradley from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

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.