FBR Capital Maintains an 'Outperform' on Vera Bradley (VRA); Buy on Weakness; Strong 22% Comps, Raised Sales Guidance
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Price: $23.89 +1.44%
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade VRA Now!
FBR Capital maintains an 'Outperform' on Vera Bradley (NASDAQ: VRA), PT
FBR analyst says, "We believe that Vera Bradley is in the early stages of a growth story as it leverages its strong brand equity to capture new customers in new and existing markets. The brand appeals to a wide customer base, while the reasonable price points enable new customers to explore the brand. The company has conservative expectations for domestic store growth, while international opportunities will likely augment growth."
"We are maintaining our 2Q11 EPS estimate of $0.27. We revised our CY11 EPS to $1.28 from $1.26. We are also revising our CY12 EPS to $1.59 from $1.56."
For more ratings news on Vera Bradley click here and for the rating history of Vera Bradley click here.
Shares of Vera Bradley closed at $47.66 yesterday, with a 52 week range of $22.00-$52.36.
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FBR analyst says, "We believe that Vera Bradley is in the early stages of a growth story as it leverages its strong brand equity to capture new customers in new and existing markets. The brand appeals to a wide customer base, while the reasonable price points enable new customers to explore the brand. The company has conservative expectations for domestic store growth, while international opportunities will likely augment growth."
"We are maintaining our 2Q11 EPS estimate of $0.27. We revised our CY11 EPS to $1.28 from $1.26. We are also revising our CY12 EPS to $1.59 from $1.56."
For more ratings news on Vera Bradley click here and for the rating history of Vera Bradley click here.
Shares of Vera Bradley closed at $47.66 yesterday, with a 52 week range of $22.00-$52.36.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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