The earnings were ahead of average expectations, with a FactSet poll of analysts predicting net income of 13 cents per share. Zacks Investment Research downgraded Vera Bradley from a buy rating to a hold rating in a report on Thursday, May 5th. The Company sells its products through two business segments: Direct and Indirect. While revenue estimates for the current year is $118.73M, setting the highest revenues estimates of $121M and indicating lowest revenues at $110.77M according to agreement of 8 number of analysts. However a year ago for the same quarter the company has reported $0.15 earnings per share. The company has a market cap of $615.93 million. During the same quarter in the previous year, the company posted $0.15 EPS. The company’s gross profit margin improved from a year earlier, but it still fell short of Vera Bradley’s own guidance because of increased promotional activity and a mix of sales that tilted towards lower-margin items. “We hope our many loyal Vera Bradley customers will love the store and will engage in all that we have to offer”. The stock was sold at an average price of $14.51, for a total transaction of $98,668.00.
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Vera Bradley, Inc. (NASDAQ:VRA) reached at $14.96 price level during last trade its distance from 20 days simple moving average is 2.49%, and its distance from 50 days simple moving average is 3.26% while it has a distance of -3.29% from the 200 days simple moving average. Following the completion of the sale, the insider now directly owns 289,662 shares of the company’s stock, valued at $4,211,685.48. Also, Director Richard Baum sold 6,500 shares of Vera Bradley stock in a transaction on Thursday, June 16th. The stock presently has a consensus rating of “Hold” and an average price target of $18.63. The disclosure for this sale can be found here.
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Vera Bradley, which is based in Fort Wayne, Indiana, sells handbags, luggages, eyewear jewelry and fragrances. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended January 31, 2015, and its Form 10-K for the fiscal year ended January 30, 2016 to be filed with the SEC.
