FBR Capital Starts Vera Bradley (VRA) at Outperform; Just Throw It in the Bag
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Price: $3.27 -1.8%
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital initiates coverage on Vera Bradley (NASDAQ: VRA) with an Outperform. PT $53.
FBR analyst says, "The Vera Bradley brand resonates with a broad customer base of nearly all ages and income levels. The company has a strong brand and superior profit margins and is in the early stages of its retail store rollout. We believe the retail buildout will drive growth and profitability."
"The company is anticipating high-teens sales growth and mid- to high-teens net income growth for 2011. Share count growth will likely obscure EPS growth. We model 10% comparablestore sales for 2011, which could prove conservative. We also model SG&A as flat as a rate to sales. We believe the company will outperform in this area of its guidance."
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 $42.96 yesterday.
FBR analyst says, "The Vera Bradley brand resonates with a broad customer base of nearly all ages and income levels. The company has a strong brand and superior profit margins and is in the early stages of its retail store rollout. We believe the retail buildout will drive growth and profitability."
"The company is anticipating high-teens sales growth and mid- to high-teens net income growth for 2011. Share count growth will likely obscure EPS growth. We model 10% comparablestore sales for 2011, which could prove conservative. We also model SG&A as flat as a rate to sales. We believe the company will outperform in this area of its guidance."
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 $42.96 yesterday.
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