Vera Bradley Announces Fiscal First Quarter 2016 Results
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Jefferies Cuts Price Target on Vera Bradley (VRA) as Management Faces Uphill Battle
June 4, 2015 9:11 AM EDTJefferies maintains a Buy rating on Vera Bradley (NASDAQ: VRA), and cuts the price target to $18.00 (from $23.00) as trends remain challenging for VRA. Analyst Randal Konik believes that management is taking the right steps, but is facing an uphill battle.
Konik commented, "Clearly... More
Baird Downgrades Vera Bradley (VRA) to Neutral
June 4, 2015 6:43 AM EDTBaird downgraded Vera Bradley (NASDAQ: VRA) from Outperform to Neutral with a price target of $13.00 (from $19.00).
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 $12.16 yesterday.
... MoreSterne Agee CRT Cuts Price Target on Vera Bradley (VRA) After Q1 EPS Miss
June 3, 2015 10:56 AM EDTSterne Agee CRT maintains an Underperform rating on Vera Bradley (NASDAQ: VRA), and cuts the price target to $10.00 (from $12.00), following Q1.VRA reported break even EPS in Q1 (below $0.03 estimates). Retail comps were reported at -16.9% (below estimates of -12.4%).
Analyst Ike Boruchow commented, "The turnaround efforts at VRA are struggling to gain traction, as the... More
Vera Bradley (VRA) Misses Q1 EPS by 2c; Trims FY16 EPS, Revenue Outlook
June 3, 2015 8:02 AM EDTVera Bradley (NASDAQ: VRA) reported Q1 EPS of $0.00, $0.02 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $101.1 million versus the consensus estimate of $105.48 million.
Comments on the Quarter and Looking Ahead
Robert Wallstrom, Chief Executive Officer, noted, "Excluding the previously outlined charges, we achieved first quarter diluted EPS at the low end of our guidance. Reduced promotional activity led to... More
