Vera Bradley, Inc. (NASDAQ:VRA – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 4,040,000 shares, an increase of 17.8% from the August 31st total of 3,430,000 shares. Approximately 19.5% of the shares of the company are short sold. Based on an average daily volume of 484,900 shares, the days-to-cover ratio is presently 8.3 days.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Vera Bradley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 13th.
Check Out Our Latest Report on Vera Bradley
Institutional Investors Weigh In On Vera Bradley
Vera Bradley Price Performance
NASDAQ:VRA opened at $5.53 on Friday. The business has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $6.44. Vera Bradley has a 1 year low of $4.38 and a 1 year high of $8.35. The company has a market capitalization of $156.11 million, a P/E ratio of 39.50 and a beta of 1.89.
Vera Bradley (NASDAQ:VRA – Get Free Report) last issued its earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Vera Bradley had a return on equity of 2.75% and a net margin of 0.19%. The business had revenue of $110.82 million for the quarter, compared to the consensus estimate of $129.53 million. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, analysts anticipate that Vera Bradley will post 0.1 earnings per share for the current year.
About Vera Bradley
Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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