Vera Bradley Inc. (NYSE:VRA) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.47-1.52 for the period, compared to the Thomson Reuters consensus estimate of $1.72, StockRatingsNetwork.com reports. The company issued revenue guidance of $535-540 million, compared to the consensus revenue estimate of $575.01 million.Vera Bradley also updated its Q3 guidance to $0.33-0.35 EPS.
Shares of Vera Bradley Inc. (NYSE:VRA) traded up 2.53% during mid-day trading on Wednesday, hitting $19.45. The stock had a trading volume of 2,001,156 shares. Vera Bradley Inc. has a one year low of $18.67 and a one year high of $31.00. The stock’s 50-day moving average is $21.30 and its 200-day moving average is $22.40. The company has a market cap of $789.7 million and a price-to-earnings ratio of 11.75.
Vera Bradley (NYSE:VRA) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $124.51 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Vera Bradley Inc. will post $1.71 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on VRA shares. Analysts at KeyCorp cut their price target on shares of Vera Bradley (NYSE:VRA) from $31.00 to $27.00 in a research note to investors on Friday, September 6th. They now have a buy rating on the stock. On a related note, analysts at Zacks upgraded shares of Vera Bradley (NYSE:VRA) from an underperform rating to a neutral rating in a research note to investors on Tuesday, August 6th. They now have a $23.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Vera Bradley (NYSE:VRA) from a hold rating to a sell rating in a research note to investors on Friday, July 5th.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Vera Bradley currently has a consensus rating of Hold and an average price target of $26.43.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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