Vera Bradley, Inc. (VRA) Announces Quarterly Results, Beats Estimates By $0.05 EPS
Tuesday, August 30, 2021 5:05 PM

Vera Bradley, Inc. (VRA) announced its quarterly results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.05. The company’s quarterly revenue was up 29.6% on a year-over-year basis.

On a related note, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Vera Bradley, Inc. from a "market perform" rating to an "outperform" rating in a research note to investors on Wednesday, August 3rd. Also, analysts at Robert W. Baird upgraded shares of Vera Bradley, Inc. from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, June 13rd. They now have a $46.00 price target on the stock.

Shares of Vera Bradley, Inc. (VRA) traded up 2.00% during mid-day trading on Tuesday, hitting $30.57. Vera Bradley, Inc. (VRA) has a 52 week low of $22.00 and a 52 week high of $52.36. The stock's 50-day moving average is $33.50 and its 200-day moving average is $39.48. The company has a market cap of $1.238 billion and a price-to-earnings ratio of 24.25.

Vera Bradley, Inc. (Vera Bradley) is a designer, producer, marketer and retailer of accessories for women. The products include offering of handbags, accessories, and travel and leisure items. The Company operates in two segments: Indirect and Direct. As of May 1, 2010, the Indirect business consisted of sales of Vera Bradley products to approximately 3,300 independent retailers, substantially all of which are located in the United States, as well as to select national retailers and independent e-commerce sites. The Indirect business consists of a network of over 3300 independent retailers. As of May 1, 2010, the Company operated 28 full-price stores in 19 states throughout the United States.

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