Tue Sep 17 06:45:18 UTC 2024: ## Vera Bradley’s Earnings Outlook Downgraded, Stock Rating Cut to ‘Hold’

**New York, NY – September 17, 2024** – Vera Bradley, Inc. (NASDAQ:VRA), a leading designer and manufacturer of women’s handbags and accessories, has seen its earnings outlook downgraded by analysts, leading to a decrease in the stock’s rating.

Sidoti Csr, a research firm, lowered its earnings per share (EPS) estimate for Vera Bradley’s third quarter of fiscal year 2025 to $0.10 from a previous estimate of $0.28. This revision reflects a decline in the company’s performance.

The consensus estimate for Vera Bradley’s full-year earnings remains at $0.10 per share. However, Sidoti Csr also issued estimates for the company’s future quarters, with predictions of a loss in Q1 2026 and modest gains in subsequent quarters.

In a separate report, StockNews.com downgraded Vera Bradley from a “strong-buy” rating to a “hold” rating, citing concerns about the company’s recent performance.

Vera Bradley’s stock opened at $4.91 on Monday, below its 50-day moving average of $6.02 and its 200-day moving average of $6.56. The stock has a 52-week low of $4.38 and a 52-week high of $8.35.

The company reported its quarterly earnings on September 11th, missing analyst expectations with earnings per share of $0.13 compared to the consensus estimate of $0.31. Revenue also fell short of expectations, coming in at $110.82 million compared to the projected $129.53 million.

Despite the recent downgrades, institutional investors remain interested in Vera Bradley. Notable investments include Gate City Capital Management LLC, Acadian Asset Management LLC, Wellington Management Group LLP, and Vanguard Group Inc., all of whom have acquired or increased their stakes in the company.

Vera Bradley, Inc. operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers a wide range of products, including handbags, luggage, travel items, fashion and home accessories, and gifts.

**Disclaimer:** This news article is based on publicly available information and should not be considered financial advice.

Read More