Vera Bradley (NASDAQ:VRA) Announces Earnings Results, Misses Expectations By $0.23 EPS

Vera Bradley (NASDAQ:VRA - Get Free Report) released its quarterly earnings data on Wednesday. The textile maker reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.23), RTT News reports. The company had revenue of $51.65 million for the quarter, compared to analyst estimates of $53.48 million. Vera Bradley had a negative return on equity of 2.74% and a negative net margin of 4.21%. During the same quarter in the prior year, the company earned ($0.21) earnings per share.

Vera Bradley Trading Down 4.8%

Vera Bradley stock traded down $0.09 during mid-day trading on Friday, hitting $1.78. The stock had a trading volume of 459,991 shares, compared to its average volume of 335,313. The stock has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $2.99. The stock has a market capitalization of $49.72 million, a PE ratio of -3.02 and a beta of 1.77. Vera Bradley has a 12 month low of $1.71 and a 12 month high of $6.99.

Insider Activity at Vera Bradley

In related news, Director Andrew Meslow bought 253,094 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $1.88 per share, for a total transaction of $475,816.72. Following the transaction, the director now owns 300,000 shares of the company's stock, valued at $564,000. This represents a 539.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vera Bradley

A hedge fund recently raised its stake in Vera Bradley stock. Jane Street Group LLC lifted its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 149.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.20% of Vera Bradley worth $128,000 at the end of the most recent quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

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.