Vera Bradley (NASDAQ:VRA) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Vera Bradley (NASDAQ:VRA) issued its earnings results on Thursday. The textile maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.24, FiscalAI reports. Vera Bradley had a negative net margin of 17.74% and a negative return on equity of 12.00%. The company had revenue of $55.70 million for the quarter, compared to the consensus estimate of $49.12 million.

Vera Bradley Trading Down 3.6%

Shares of Vera Bradley stock opened at $3.18 on Thursday. The company’s fifty day simple moving average is $3.63 and its two-hundred day simple moving average is $3.02. The company has a market cap of $90.44 million, a P/E ratio of -1.85 and a beta of 1.62. Vera Bradley has a 12-month low of $1.39 and a 12-month high of $4.39.

Institutional Trading of Vera Bradley

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its position in shares of Vera Bradley by 7.9% in the 1st quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after buying an additional 12,021 shares during the period. Simplex Trading LLC grew its position in shares of Vera Bradley by 55.0% in the 4th quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock worth $85,000 after buying an additional 12,442 shares during the period. Jump Financial LLC purchased a new stake in shares of Vera Bradley in the 2nd quarter worth about $28,000. State Street Corp grew its position in shares of Vera Bradley by 17.2% in the 4th quarter. State Street Corp now owns 103,586 shares of the textile maker’s stock worth $251,000 after buying an additional 15,200 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Vera Bradley in the 3rd quarter worth about $49,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

About Vera Bradley

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.