Vera Bradley (VRA) reported quarterly earnings results on Wednesday, Jun-1-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $105.20 million in the period, compared to analysts expectations of $106.75 million. The company’s revenue was up 4.1% compared to the same quarter last year.
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 .
Vera Bradley (VRA) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.4 and reached the intraday high at $15.64. The bulls started the profit booking and pushed the shares to intraday low of $15.1. The trading session was marked by a volume range of 5,55,259 shares exchanging hands. The 52-week high of the shares is $20.69 and the 52-week low is $9.21. The market cap of the company stands at $580 M and there are 3,76,04,770 shares in public circulation.
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.