Vera Bradley Stock Price Today NASDAQ VRA Live Ticker

The Motley Fool has no position in any of the stocks mentioned. For the full fiscal year, the company forecast revenue of $490 million to $500 million. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 151 employees have rated Vera Bradley Chief Executive Officer Robert Wallstrom on Glassdoor.com. Robert Wallstrom has an approval rating of 89% among the company’s employees. Sign-up to receive the latest news and ratings for Vera Bradley and its competitors with MarketBeat’s FREE daily newsletter.

Total quarter-end inventory was $139.3 million, compared to $179.6 million at the end of the second quarter last year. IBN consists of financial brands introduced to the investment public over the course of 17+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Margins continued to improve for the handbags and accessories company.

Vera Bradley Inc. shares fell nearly 3% in Wednesday premarket trading after it reported a first-quarter profit and sales miss and issued a profit warning for the year. For the six months, the Company’s consolidated operating income totaled $6.5 million, 2.9% of net revenues, compared to an operating loss of ($51.1) million, or (22.3%) of net revenues, in the prior year six-month period. On a non-GAAP basis, the Company’s current year consolidated operating income was $10.5 million, or 4.7% of net revenues, compared to an operating loss of ($2.9) million, or (1.2%) of net revenues, in the prior year. Vera Bradley Indirect segment revenues for the six months totaled $32.7 million, a 4.6% decrease from $34.3 million last year. Prior year revenues reflected a large one-time key account order that was not repeated in the current year. The Company’s second quarter consolidated operating income totaled $12.9 million, or 10.0% of net revenues, compared to an operating loss of ($42.8) million, or (32.8%) of net revenues, in the prior year second quarter.

• Most of the company’s sales are made directly to customers through Vera Bradley’s retail stores and e-commerce sites.
• These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners.
• Vera Bradley, Inc. operates two unique lifestyle brands – Vera Bradley and Pura Vida.
• Current year second quarter Vera Bradley Direct segment revenues totaled $85.7 million, a 1.5% decrease from $87.0 million in the prior year second quarter.
• Prior year gross profit was materially impacted by high inbound and outbound freight expense and deleverage of overhead costs.

Management also projected a gross margin in the range of 53% to 53.8%, up from 51.4% last year, and said it expects earnings per share of $0.57 to $0.65, up from $0.24 last year. Vera Bradley issued an update on its FY 2024 earnings guidance on Wednesday, August, 30th. The company provided EPS guidance of $0.57-$0.65 for the period, compared to the consensus estimate of $0.60. The company issued revenue guidance of $490.00 million-$500.00 million, compared to the consensus revenue estimate of $498.11 million. The technique has proven to be very useful for finding positive surprises.

What sector and industry does Vera Bradley (VRA) operate in?

Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. According to 4 analyst offering 12-month price targets in the last 3 months, Vera Bradley has an average price target of $9.25 with a high of $10.00 and a low of $9.00. Based on those forecasts, Vera Bradley stock looks cheap, trading at a forward price-to-earnings ratio of just 12.5. While the stock has historically struggled, the company’s turnaround efforts seem to be taking hold.

One share of VRA stock can currently be purchased for approximately $7.25. The Barchart Technical Opinion rating is a 100% Buy with a Weakening short term outlook on maintaining the current direction. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. For those who can handle a higher level of volatility and have a less conservative approach, small-cap stocks could be solid considerations, as their growth potential is hard to ignore.

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In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Most of the gains were gone by the end of the day, but investors were clearly excited about the company’s solid revenue growth.

On a non-GAAP basis, current year consolidated SG&A expense totaled $113.9 million, or 51.2% of net revenues, compared to $123.4 million, or 53.9% of net revenues, in the prior year. Vera Bradley’s current year non-GAAP SG&A expenses were lower than the prior year primarily due Company-wide cost reduction initiatives across various areas of the enterprise. Vera Bradley Indirect segment revenues totaled $17.4 million, a 0.2% increase over $17.3 million in the prior year second quarter.

Vera Bradley names new CEO

Pura Vida, based in La Jolla, California, is a rapidly growing, digitally native, and highly engaging lifestyle brand founded in 2010 by friends Paul Goodman and Griffin Thall. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

• On a non-GAAP basis, prior year gross profit totaled $67.8 million, or 52.0% of net revenues.
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• The current year non-GAAP second quarter and six-month income statement numbers referenced below exclude the previously outlined severance charges, intangible asset amortization, and consulting and professional fees.
• View analysts price targets for VRA or view top-rated stocks among Wall Street analysts.

Between tariffs, higher shipping costs, and a tough retail enviornment, the luggage and handbag company had little good news to share today. In July 2019, Vera Bradley, Inc. acquired a 75% interest in Creative Genius, Inc., which also operates under the name Pura Vida Bracelets (“Pura Vida”). Pura Vida, based in La Bollinger bands strategy Jolla, California, is a digitally native, highly-engaging lifestyle brand founded in 2010 by friends Paul Goodman and Griffin Thall. Pura Vida has a differentiated and expanding offering of bracelets, jewelry, and other lifestyle accessories. The Company acquired the remaining 25% of Pura Vida in January 2023.

Business

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The Company has $26.3 million remaining under its $50.0 million repurchase authorization that expires in December 2024. Consolidated net revenues totaled $128.2 million compared to $130.4 million in the prior year second quarter ended July 30, 2022. Management is updating certain components of guidance for the fiscal year ending February https://investmentsanalysis.info/ 3, 2024 (“Fiscal 2024”) based on first half performance, Company initiatives underway, and current macroeconomic trends and expectations. The Company has narrowed the guidance range for diluted earnings per share. Shares of Vera Bradley (VRA -2.14%), the maker of women’s handbags and accessories, were moving higher Wednesday after the company reported better-than-expected results for its fiscal 2024 second quarter.

Vera Bradley’s stock was trading at $4.53 at the beginning of 2023. Since then, VRA shares have increased by 60.0% and is now trading at $7.25. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.

On a non-GAAP basis, the Company’s current year consolidated operating income totaled $14.0 million, or 10.9% of net revenues, compared to $3.9 million, or 3.0% of net revenues, in the prior year. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.