Vera Bradley Inc (NASDAQ: VRA) Could Make Significant Gains?

In the latest trading session, 0.79 million Vera Bradley Inc (NASDAQ:VRA) shares changed hands as the company’s beta touched 1.91. With the company’s most recent per share price at $4.66 changed hands at -$0.32 or -6.43% at last look, the market valuation stands at $137.42M. VRA’s current price is a discount, trading about -79.18% off its 52-week high of $8.35. The share price had its 52-week low at $4.89, which suggests the last value was -4.94% down since then. When we look at Vera Bradley Inc’s average trading volume, we note the 10-day average is 0.63 million shares, with the 3-month average coming to 481.42K.

Analysts gave the Vera Bradley Inc (VRA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VRA as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Vera Bradley Inc’s EPS for the current quarter is expected to be 0.16.

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Vera Bradley Inc (NASDAQ:VRA) trade information

Instantly VRA was in red as seen in intraday trades today. With action -12.57%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -39.48%, with the 5-day performance at -12.57% in the red. However, in the 30-day time frame, Vera Bradley Inc (NASDAQ:VRA) is -21.68% down. Looking at the short shares, we see there were 2.46 million shares sold at short interest cover period of 7.86 days.

Vera Bradley Inc (VRA) estimates and forecasts

Data shows that the Vera Bradley Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.46% over the past 6 months, a 132.00% in annual growth rate that is considerably higher than the industry average of 15.30%. Year-over-year growth is forecast to reach -4.00% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 120.66M. 2 analysts are of the opinion that Vera Bradley Inc’s revenue for the current quarter will be 114.65M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.62%. The 2024 estimates are for Vera Bradley Inc earnings to decrease by -35.45%, but the outlook for the next 5-year period is at 17.30% per year.

VRA Dividends

Vera Bradley Inc is expected to release its next quarterly earnings report on 2024-Sep-11.

Vera Bradley Inc (NASDAQ:VRA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 28.73% of Vera Bradley Inc shares while 66.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.00%. There are 66.29% institutions holding the Vera Bradley Inc stock share, with FUND 1 INVESTMENTS, LLC the top institutional holder. As of 2024-06-30, the company held 9.3798% of the shares, roughly 2.88 million VRA shares worth $18.0 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.6784% or 2.05 million shares worth $12.82 million as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 804.64 shares estimated at $3.69 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.45% of the shares, roughly 722.91 shares worth around $3.31 million.