Vera Bradley (VRA) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 19 from a previous price target of $21 . Telsey Advisory Group advised their investors in a research report released on Jun 2, 2016.
Many Wall Street Analysts have commented on Vera Bradley. Company shares were Upgraded by Wunderlich on Mar 24, 2016 to ” Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $15 .Company shares were Reiterated by Telsey Advisory Group on Mar 10, 2016 to “Market Perform”, Firm has raised the Price Target to $ 21 from a previous price target of $17 .
On the company’s financial health, Vera Bradley reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $0.05. The company had revenue of $105.20 million for the quarter, compared to analysts expectations of $106.75 million. The company’s revenue was up 4.1% compared to the same quarter last year.
Vera Bradley opened for trading at $15.84 and hit $16.65 on the upside on Wednesday, eventually ending the session at $15.62, with a gain of 1.96% or 0.3 points. The heightened volatility saw the trading volume jump to 15,25,660 shares. Company has a market cap of $587 M.
In a different news, on Mar 28, 2016, Kimberly F. Colby (EVP – Design) sold 14,134 shares at $19.62 per share price. According to the SEC, on Mar 22, 2016, Edward M Schmults (director) sold 1,700 shares at $20.15 per share price.
Vera Bradley Inc. is a designer of women’s handbags accessories luggage and travel items eyewear and stationery and gifts. The Company sells its products through two business segments: Direct and Indirect. The Direct business consists of sales of Vera Bradley products through the Company’s full-line and factory outlet stores in the United States verabradley.com direct-to-consumer eBay sales and the Company’s annual outlet sale in Fort Wayne Indiana. The Indirect business consists of sales of Vera Bradley products to approximately 2700 specialty retail locations substantially all of which are located in the United States as well as department stores national accounts third party e-commerce sites the Company’s wholesale business in Japan and third-party inventory liquidation.