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.
Prior year gross profit was materially impacted by high inbound and outbound freight expense and deleverage of overhead costs. 1 brokerages have issued twelve-month target prices for Vera Bradley’s shares. On average, they predict the company’s share price to reach $10.00 in the next year.
VRA Overview
If it can move toward revenue growth and continue improving margins, the stock should keep moving higher. Investors were more impressed with results further down the income https://investmentsanalysis.info/ statement. Gross margin improved from 49.4% to 55.6% as the company benefited from lower freight expenses and the sell-through of previously reserved inventory.
TPR: 3 Hot Fashion Stock Picks to Buy Today – StockNews.com
TPR: 3 Hot Fashion Stock Picks to Buy Today.
Posted: Wed, 19 Jul 2023 07:00:00 GMT [source]
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 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.
Vera Bradley Stock FAQ
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… 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 34.75% from the latest price. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Cash and cash equivalents as of July 29, 2023 totaled $48.5 million compared to $38.3 million at the end of last year’s second quarter. The Company had no borrowings on its $75 million asset-based lending (“ABL”) facility at quarter end.
“Pura Vida year-over-year sales declined 3.6%, primarily related to a shortfall in wholesale revenues, which we believe will improve in the second half of the year. Store sales remained strong, and we began to realize the benefits of changes in our performance-based marketing program. Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock).
Ulta Beauty (ULTA) Tops Q2 Earnings and Revenue Estimates
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.
- Pura Vida, based in La Jolla, California, is a digitally native, highly-engaging lifestyle brand founded in 2010 by friends Paul Goodman and Griffin Thall.
- We intend to use this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD.
- Provides a general description of the business conducted by this company.
- Management lowered its outlook to reflect two new pressures on sales and earnings.
- Management believes that its access to liquidity and capital is sufficient to address needs in the foreseeable future.
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.
FAQs for Vera Bradley Inc Stock
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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. VRA, -3.56% said Etf trader Tuesday that it has named Jacqueline Ardrey as its new president and chief executive, following the retirement of Rob Wallstrom. 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…
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.
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.