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Vera Bradley Stock Forecast, Price & News NASDAQ:VRA

vera bradley stock price today

Most of the gains were gone by the end of the day, but investors were clearly excited about the company’s solid revenue growth. Between tariffs, higher shipping costs, and a tough retail enviornment, the luggage and handbag company had little good news to share today. Consolidated net revenues totaled $94.4 million Net loss totaled ($4.7) million, or ($0.15) per diluted share;  non-GAAP net loss totaled ($2.6) million, or ($0.09) per diluted share Balance sheet rem…

  • “We like management’s new and agile efforts to retool the brand for broader and more sustainable customer acceptance,” he wrote in a June 6 report, though he also noted a complex turnaround will likely take some time.
  • 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.

  • Since 2013, specialty retail distribution has posted double-digit declines year-over-year.
  • Margins continued to improve for the handbags and accessories company.
  • On average, they anticipate the company’s share price to reach $10.00 in the next twelve months.

Vera Bradley’s stock was trading at $4.53 at the start of the year. Since then, VRA stock has increased by 48.3% and is now trading at $6.72. 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.

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.

Vera Bradley, Inc. Announces Reporting Date for Fiscal Year 2024 Second Quarter Results

Provides a general description of the business conducted by this company. /PRNewswire/ — Global media agency Assembly has been selected as the Media Agency of Record in North America for Vera Bradley, the iconic American bag and… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. heiken ashi The company recovered from a difficult first quarter, hamstrung by COVID-19 related store closures. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

  • Vera Bradley Inc. said late Thursday that President and Chief Executive Officer Robert Wallstrom plans to retire, remaining in his roles until a successor is named.
  • What’s more, the make-up of its retailing partners has changed dramatically too, away from specialty independents and towards department stores, including Dillard’s, Macy’s, Belk and Von Maur.
  • A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Chief Executive Jackie Ardrey offered a frank assessment of the economic backdrop Wednesday morning after acknowledging pressures on less affluent spenders seen in the company’s late… VRA said late Tuesday that is embarking on a reorganization, aiming to cut costs by an additional $12 million and replacing its chief financial officer. Get this delivered to your inbox, and more info about our products and services.

Vera Bradley’s Earnings Outlook

Style is calculated by combining value and growth scores, which are first individually calculated. One way the company is pursuing scale is the recent acquisition of 75% of the Pura Vida jewelry company, known for its hand-crafted and highly-collectible line of friendship bracelets. You will need to enter your email address to enter the online outlet sale; the 30% off discount will appear automatically in your online cart. The ethanol producer reported weak second-quarter earnings. The video-compression chipmaker gave investors a weak revenue forecast for its current quarter.

vera bradley stock price today

This summer Starbucks licensed Vera Bradley patterns for Starbucks drinkware and stationery in its Asia locations. © 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. The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.

Vera Bradley Announces Streamlined Leadership Structure

We once again improved the quality of sales in our full-line stores and on verabradley.com by increasing comparable full price selling in these two channels by approximately 20%,” he said in a statement. Vera Bradley issued an update on its FY 2024 earnings guidance on Wednesday, August, 30th. The company provided earnings per share guidance of $0.57-$0.65 for the period, compared to the consensus EPS estimate of $0.60.

Meanwhile, Vera Bradley shares jumped after the fashion specialist posted surprisingly strong quarterly results. VRA, -3.56% said Tuesday that it has named Jacqueline Ardrey https://bigbostrade.com/ as its new president and chief executive, following the retirement of Rob Wallstrom. As an investor, you want to buy stocks with the highest probability of success.

According to 2 analysts, the average rating for VRA stock is “Strong Buy.” The 12-month stock price forecast is $9.5, which is an increase of 41.37% from the latest price. Prior to its public filing, it was carried by 3,300 independent retailers along with just a handful of national retailers. At last reporting, it has only about 1,640 specialty independents and 560 department stores for a total of 2,200 retailing partners.

vera bradley stock price today

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

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 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.

VRA Overview

To help right the ship and restore independents’ passion for the brand and company, Wallstrom and his team need to factor their special needs into the equation. “They brought in people that didn’t have a clue to the specialty business,” this former executive believes. “I sold $289k worth of Vera Bradley at my peak in 2012 at 46% margins. But in 2013 I started noticing them retiring patterns that people still were hungry for and with the markdowns, customers got trained that things were going to go on sale quickly. In 2017 I only sold $71k at a 29% margin due to markdowns and last year it was barely $65k,” she shares. At this point the line is still a valuable one for her shop, but getting less so by the day.

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Since 2013, specialty retail distribution has posted double-digit declines year-over-year. It went from a high of $248.6 million in 2013 to $88.1 in 2019. Yet despite such dramatic growth in its DTC channels, in the past two years those sales have fallen too, down 1% from ’17-’18 and -6.8% from ’18-’19. Driving direct-to-consumer sales is a top priority for Wallstrom and his team.

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. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. VRA’s beta can be found in Trading Information at the top of this page.

Business

Sales peaked in 2013 at $541 million and have been on a steady downward trajectory since, dropping to $416 million in 2019. And earlier this year the company partnered with Disney for a Mickey and Friends collection of totes, backpacks, beach towels and throws to be sold exclusively at Vera Bradley’s Disney Springs location. This followed a previous Disney collaboration in 2018, which sold out in four days. 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.

The owner of the Calvin Klein and Tommy Hilfiger brands raised its profit forecast for the year. The online storage provider trimmed its revenue forecast for the year. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.

What’s more, the make-up of its retailing partners has changed dramatically too, away from specialty independents and towards department stores, including Dillard’s, Macy’s, Belk and Von Maur. The company has completely flipped-flopped its distribution, going from 33.3% direct/66.6% specialty retail distribution in 2010 to 79% direct/21% retail locations in 2019. “The first stage of Vision 20/20 was to restore brand and company health, and we continue to build upon the progress we made in Fiscal 2019.

Nevertheless, we are always paying attention to the latest… 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. The fashion company sees a return to growth this year. Management lowered its outlook to reflect two new pressures on sales and earnings.

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… The technique has proven to be very useful for finding positive surprises. 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. Style is an investment factor that has a meaningful impact on investment risk and returns.

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