Vera Bradley (VRA) reported quarterly earnings results on Thursday, Sep-1-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.13. The company posted revenue of $119.20 million in the period, compared to analysts expectations of $118.72 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Vera Bradley. Shares were Reiterated by Wunderlich on Aug 11, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $24 .
Vera Bradley opened for trading at $14.48 and hit $15.08 on the upside on Monday, eventually ending the session at $14.84, with a gain of 2.42% or 0.35 points. The heightened volatility saw the trading volume jump to 4,61,192 shares. Company has a market cap of $549 M.
In a different news, on Jun 20, 2016, Richard Baum (director) sold 6,500 shares at $14.75 per share price. According to the SEC, on Mar 28, 2016, Kimberly F. Colby (EVP – Design) sold 14,134 shares at $19.62 per share price. On Mar 22, 2016, Edward M Schmults (director) sold 1,700 shares at $20.15 per share price, according to the Form-4 filing with the securities and exchange commission.
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.