Vera Bradley (NYSE: VRA) released its earnings data on Wednesday. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02, Stock Ratings Network.com reports. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $121.01 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Vera Bradley updated its Q2 guidance to $0.31-0.33 EPS and its FY14 guidance to $1.74-1.78 EPS.
A number of analysts have recently weighed in on VRA shares. Analysts at Standpoint Research initiated coverage on shares of Vera Bradley in a research note to investors on Tuesday, May 21st. They set a “buy” rating and a $35.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Vera Bradley from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, March 18th. They now have a $28.10 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of Vera Bradley from $22.00 to $20.00 in a research note to investors on Thursday, March 14th. They now have an “underperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Vera Bradley presently has a consensus rating of “Hold” and an average target price of $28.84.
Vera Bradley, Inc. (NYSE: VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
