Vera Bradley (VRA) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.83-1.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89. The company issued revenue guidance of $585-590 million, compared to the consensus revenue estimate of $599.75 million.Vera Bradley also updated its Q1 guidance to $0.20-0.22 EPS.
Several analysts have also recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Vera Bradley in a research note to investors on Monday, March 4th. They set an underperform rating and a $22.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Vera Bradley from a neutral rating to an outperform rating in a research note to investors on Tuesday, February 5th. They now have a $28.10 price target on the stock. Finally, analysts at Robert W. Baird reiterated an outperform rating on shares of Vera Bradley in a research note to investors on Monday, January 14th. They now have a $30.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, one has given an overweight rating, three have issued a hold rating, and one has given a sell rating to the company. Vera Bradley currently has a consensus rating of overweight and an average price target of $29.43.
Vera Bradley (VRA) traded up 0.89% on Wednesday, hitting $24.89. Vera Bradley (VRA) has a 1-year low of $18.91 and a 1-year high of $37.93. The stock’s 50-day moving average is currently $25.21. The company has a market cap of $1.010 billion and a price-to-earnings ratio of 15.65.
Vera Bradley last announced its earnings results on Wednesday, March 13th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.05. The company had revenue of $162.60 million for the quarter, compared to the consensus estimate of $153.18 million. During the same quarter last year, the company posted $0.50 earnings per share. Vera Bradley’s revenue was up 20.9% compared to the same quarter last year. Vera Bradley has set its Q1 guidance at $0.20-0.22 EPS and its FY14 guidance at $1.83-1.88 EPS. On average, analysts predict that Vera Bradley (VRA) will post $1.65 earnings per share for the current fiscal year.
Vera Bradley, Inc. (Vera Bradley) is a designer, producer, marketer, and retailer of functional accessories for women.
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