Jefferies Maintains a 'Hold' on Vera Bradley (VRA); Another Disappointment
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Price: $23.78 -3.53%
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade VRA Now!
Jefferies maintains a 'Hold' on Vera Bradley (NASDAQ: VRA) price target of $20.00 (from $25.00).
Analyst, Randal J. Konik, said, "Another disappointing quarter, in our view. Top line growth, while in line, was primarily driven by promos and GM% contracted yet again. 3Q is off to a good start with better back-to-campus trends, but 4Q visibility is low and FY'13 guidance was lowered again, which we view cautiously. Overall this growth story needs to show more consistent product performance and sustainable business momentum. Until then we stay on the sidelines." (Lowers FY EPS estimates from $1.68 to $1.60)
For an analyst ratings summary and ratings history on Vera Bradley click here. For more ratings news on Vera Bradley click here.
Shares of Vera Bradley closed at $23.62 yesterday, with a 52 week range of $18.91-$45.91.
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Analyst, Randal J. Konik, said, "Another disappointing quarter, in our view. Top line growth, while in line, was primarily driven by promos and GM% contracted yet again. 3Q is off to a good start with better back-to-campus trends, but 4Q visibility is low and FY'13 guidance was lowered again, which we view cautiously. Overall this growth story needs to show more consistent product performance and sustainable business momentum. Until then we stay on the sidelines." (Lowers FY EPS estimates from $1.68 to $1.60)
For an analyst ratings summary and ratings history on Vera Bradley click here. For more ratings news on Vera Bradley click here.
Shares of Vera Bradley closed at $23.62 yesterday, with a 52 week range of $18.91-$45.91.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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