Vera Bradley (NASDAQ:VRA - Get Free Report) announced its quarterly earnings results on Wednesday. The textile maker reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.23), RTT News reports. Vera Bradley had a negative return on equity of 2.74% and a negative net margin of 4.21%. The firm had revenue of $51.65 million for the quarter, compared to analysts' expectations of $53.48 million. During the same period last year, the company posted ($0.21) earnings per share.
Vera Bradley Trading Down 4.2%
Vera Bradley stock traded down $0.08 during mid-day trading on Thursday, hitting $1.82. The company's stock had a trading volume of 502,892 shares, compared to its average volume of 241,723. The firm has a market capitalization of $50.81 million, a PE ratio of -3.08 and a beta of 1.77. The stock's fifty day moving average is $2.03 and its two-hundred day moving average is $3.06. Vera Bradley has a 1 year low of $1.72 and a 1 year high of $6.99.
Hedge Funds Weigh In On Vera Bradley
A hedge fund recently raised its stake in Vera Bradley stock. Jane Street Group LLC grew its position in Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 149.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,041 shares of the textile maker's stock after purchasing an additional 34,212 shares during the quarter. Jane Street Group LLC owned approximately 0.20% of Vera Bradley worth $128,000 at the end of the most recent reporting period. 59.88% of the stock is owned by institutional investors and hedge funds.
About Vera Bradley
(
Get Free Report)
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.
Read More
Before you consider Vera Bradley, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vera Bradley wasn't on the list.
While Vera Bradley currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
