VRA Vera Bradley Stock Price

Vera Bradley’s current year non-GAAP SG&A expenses were lower than the prior year primarily due to Company-wide cost reduction initiatives across various areas of the enterprise. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. Consolidated net revenues totaled $128.2 million Net income totaled $9.3 million, or $0.30 per diluted share;  non-GAAP net income totaled $10.2 million, or $0.33 per diluted share Balance sheet stren… High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

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VRA Stock – Frequently Asked Questions

This suggests a possible upside of 37.9% from the stock’s current price. View analysts price targets for VRA or view top-rated stocks among Wall Street analysts. 1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Vera Bradley in the last twelve months. The consensus among Wall Street research analysts is that investors should “buy” VRA shares. “Total second quarter revenues for the Vera Bradley brand were down 1.2% from last year,” Ardrey commented. “Vera Bradley Direct revenue declines resulted from store closures over the last year, while we saw a small comparable store gain in our full line stores.

• The Motley Fool has no position in any of the stocks mentioned.
• Vera Bradley on a stand-alone basis refers to the Vera Bradley brand.
• As an investor, you want to buy stocks with the highest probability of success.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Consolidated net revenues totaled $222.5 million for the current year six months ended July 29, 2023, compared to $228.8 million in the prior year six month period ended July 30, 2022. Second quarter consolidated SG&A expense totaled $59.4 million, or 46.3% of net revenues, compared to $74.0 million, or 56.8% of net revenues, in the prior year. On a non-GAAP basis, consolidated SG&A expense totaled $58.3 million, or 45.5% of net revenues, compared to $64.0 million, or 49.1% of net revenues, in the prior year.

Key Data

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. We’d like to share more about how we work and what drives our day-to-day business. Compare
VRA’s rsi day trading historical performance
against its industry peers and the overall market. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company recovered from a difficult first quarter, hamstrung by COVID-19 related store closures.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Analyst Ratings

Style is calculated by combining value and growth scores, which are first individually calculated. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. Meanwhile, Vera Bradley shares jumped after the fashion specialist posted surprisingly strong quarterly results. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

• Investors were more impressed with results further down the income statement.
• IBN consists of financial brands introduced to the investment public over the course of 17+ years.
• “Vera Bradley Direct revenue declines resulted from store closures over the last year, while we saw a small comparable store gain in our full line stores.

The successful return of the Vera Bradley Annual Outlet Sale offset weakness we experienced in our factory outlet stores in addition to compensating for the elimination of one online outlet sale during the quarter. The remainder of our e-commerce sales continued to perform well. Lastly, Vera Bradley Indirect revenues were up slightly to last year. Vera Bradley Inc. stock fell 4.3% in Wednesday premarket trading after it missed revenue and profit expectations and gave guidance below Street expectations. The jewelry and accessories company posted net income of $5.2 m… For the six months, consolidated SG&A expense totaled $117.9 million, or 53.0% of net revenues, compared to $135.0 million, or 59.0% of net revenues, in the prior year.

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Vera Bradley, Inc. operates two unique lifestyle brands – Vera Bradley and Pura Vida. Further, the non-GAAP measures utilized by the Company may be unique to the Company, as they may be different from non-GAAP measures used by other companies. Vera Bradley, Inc. share prices have moved between a 52-week high of $7.73 and a 52-week low of $2.84.

The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document. Management believes that its access to liquidity and capital is sufficient to address needs in the foreseeable future. In this release, Vera Bradley, Inc. or “the Company” refers to the entire enterprise and includes both the Vera Bradley and Pura Vida brands. Vera Bradley on a stand-alone basis refers to the Vera Bradley brand. If you are interested in following small-cap stock news and performance you can start by tracking it here. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

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. Comparable sales declined 5.3% in the second quarter, primarily driven by weakness in the factory outlet channel. The Company permanently closed 19 full-line and two factory outlet stores and opened three factory outlet stores over the last twelve months. This year, the Direct segment revenues included sales from the Vera Bradley Annual Outlet sale, which was not held last year. Vera Bradley Inc. stock sank nearly 16% in early Wednesday trading after the accessories company reported a third-quarter earnings and revenue miss and gave a profit warning. 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.

Vera Bradley Inc designs women’s handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the Most. Most of the company’s sales are made directly to customers through Vera Bradley’s retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.

Price and EPS Surprise Chart

Adjusted earnings per share, meanwhile, increased from $0.08 to $0.33. For the quarter, which ended July 29, revenues slipped 1.7% to $128.2 million as sales at Pura Vida, its recently acquired bracelet brand, https://investmentsanalysis.info/ were down 3.6%, and Vera Bradley sales dipped 1.2% due to store closures. Net capital spending for the six months ended July 29, 2023 totaled $1.7 million compared to $4.4 million in the prior year.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.