In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Vera Bradley (VRA – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.47.
According to TipRanks, Gomes is a 4-star analyst with an average return of 5.0% and a 42.01% success rate. Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, Fat Brands, and DLH Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vera Bradley with a $8.00 average price target.
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Based on Vera Bradley’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $124.04 million and a net profit of $5.17 million. In comparison, last year the company earned a revenue of $134.74 million and had a net profit of $5.78 million
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Vera Bradley, Inc. designs, produces, markets and retails accessories for women. Its products include handbags, accessories and travel and leisure items. The company operates through two segments: Direct and Indirect. The Direct segment consists of the sales of Vera Bradley products through full-price and outlet stores. The Indirect segment handles the sales of Vera Bradley products to specialty retailers, which are located in the United States. It also offers accessories, which includes wallets, wristlets, eyeglass cases, cosmetics cases, and paper and gift products. The company was founded by Barbara Bradley Baekgaard and Patricia R. Miller in 1982 and is headquartered in Roanoke, IN.
Read More on VRA:
- Vera Bradley announces Alison Hiatt joins as Chief Marketing Oficer
- Vera Bradley: Pura Vida co-PresidentsThall and Goodman leaving company
- Vera Bradley eliminates CCO, CRO and president roles in leadership streamlining
- Vera Bradley Announces Streamlined Leadership Structure
- Vera Bradley Large Travel Duffel Bag Selected as a Good Housekeeping 2023 Family Travel Awards Winner
