To see all exchange delays and terms of use please see Barchart’s disclaimer. Vera Bradley’s stock was trading at $4.53 at the start of the year. Since then, VRA stock has increased by 45.9% and is now trading at $6.61. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest…
- They make business decisions personally, not like a buyer at Macy’s or Walmart might make.
- Since then, VRA stock has increased by 45.9% and is now trading at $6.61.
- Vera Bradley Inc. shares fell nearly 3% in Wednesday premarket trading after it reported a first-quarter profit and sales miss and issued a profit warning for the year.
- Vera Bradley from its roots was a very touchy-feely kind of company,” this former executive continues.
- 1 Wall Street research analysts have issued 1 year target prices for Vera Bradley’s shares.
- You can sign up for an account directly on our website or by downloading the Public app for iOS or Android.
Since 2013, specialty retail distribution has posted double-digit declines year-over-year. It went from a high of $248.6 million in 2013 to $88.1 in 2019. Yet despite such dramatic growth in its DTC channels, in the past two years those sales have fallen too, down 1% from ’17-’18 and -6.8% from ’18-’19.
Vera Bradley, Inc. to Report Q2, 2023 Results on Aug 31, 2022
Driving direct-to-consumer sales is a top priority for Wallstrom and his team. And in that, they are accomplishing their goals, with DTC sales growing from $96.1 million in 2010 (33.3% of total sales) to $328 million in 2019 (78.8% sales). Since going public in 2010–an inauspicious time in retail–Vera Bradley has had a bumpy ride. Sales peaked in 2013 at $541 million and have been on a steady downward trajectory since, dropping to $416 million in 2019.
- The company has completely flipped-flopped its distribution, going from 33.3% direct/66.6% specialty retail distribution in 2010 to 79% direct/21% retail locations in 2019.
- To help right the ship and restore independents’ passion for the brand and company, Wallstrom and his team need to factor their special needs into the equation.
- Vera Bradley Inc. said late Thursday that President and Chief Executive Officer Robert Wallstrom plans to retire, remaining in his roles until a successor is named.
- This suggests a possible upside of 51.3% from the stock’s current price.
Sweetwater is the largest online music retailer in the U.S. – headquartered right here in Fort Wayne. And earlier this year the company partnered with Disney for a Mickey and Friends collection of totes, backpacks, beach towels and throws to be sold exclusively at Vera Bradley’s Disney Springs location. This followed a previous Disney collaboration in 2018, which sold out in four days. You have already added five stocks to your watchlist.
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Markets Performance
At last reporting, it has only about 1,640 specialty independents and 560 department stores for a total of 2,200 retailing partners. The Vera Bradley, Inc. stock price is closed at $ 6.60 with a total market cap valuation of $ 203.43M (44M shares outstanding). The Vera Bradley, Inc. is trading ig: an overview of the firm on NASDAQ with the sign VRA. Vera Bradley, Inc. price is up -2.08% in the past 24 hours. The Vera Bradley, Inc. stock price prediction is currently bullish. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Meanwhile, Vera Bradley shares jumped after the fashion specialist posted surprisingly strong quarterly results. Most of the gains were gone by the end of the day, but investors were clearly excited about the company’s solid revenue growth. Management lowered its outlook to reflect two new pressures on sales and earnings. The retailer reported earnings, which were fine on the top line, but not so great on the bottom.
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When you see VRA stock appear in the results, tap it to open up the purchase screen. You can sign up for an account directly on our website or by downloading the Public app for iOS or Android. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 56% Buy with a Weakest short term outlook on maintaining nordfx- a foreign exchange brokerage review the current direction. /PRNewswire/ — Global media agency Assembly has been selected as the Media Agency of Record in North America for Vera Bradley, the iconic American bag and… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating xm forex review system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Vera Bradley stock price target cut to $4.50 from $8.00 at Cowen
In addition to gaining another “connecting brand,” Vera Bradley is also getting digital marketing and social customer engagement expertise in Pura Vida founders Griffin Thall and Paul Goodman, who will remain with the company. It’s a connecting brand, just like Vera Bradley, so they are similar in that way,” Wallstrom says. The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023. Vera Bradley Inc. said Tuesday that it has named Jacqueline Ardrey as its new president and chief executive, following the retirement of Rob Wallstrom. Wallstrom, who announced his intention to retire in July, will remain…
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Some 37 years later, and after going public in 2010, the founders remain on the company’s Board of Directors, as the company has grown into a lifestyle brand. It has expanded from handbags and travel into fashion and home accessories, along with a growing licensing business to broaden its range and exposure. 1 Wall Street research analysts have issued 1 year target prices for Vera Bradley’s shares.
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Between tariffs, higher shipping costs, and a tough retail enviornment, the luggage and handbag company had little good news to share today. According to 2 analysts, the average rating for VRA stock is “Strong Buy.” The 12-month stock price forecast is $9.5, which is an increase of 43.72% from the latest price.
Benzinga Pro’s Top 5 Stocks To Watch For Wednesday, June 7, 2023: ABNB, SYY, COIN, SIX, TPR
Vera Bradley, Inc., together with its subsidiaries, designs, manufactures, and sells women’s handbags, luggage and travel items, fashion and home accessories, and gifts. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”).
Following the success of last year’s popular collection, the iconic brands launch two new sets of Tupperware food and beverage products featuring unique Vera Bradley designs, just in time for summer a… This international manufacturer of kids ride-on toys, high chairs, car seats, and strollers offers an outlet sale around Christmas, and a second in the spring every year. They also have the utmost confidence in his business acumen and professional ability. Cowen’s Oliver Chen, who covers the company, also has a vote of confidence. “We like management’s new and agile efforts to retool the brand for broader and more sustainable customer acceptance,” he wrote in a June 6 report, though he also noted a complex turnaround will likely take some time. Notable in the brand’s licensing arena was a partnership with Crocs, the plastic shoe company, which dropped on July 1 and sold out almost immediately.
Vera Bradley Inc. shares fell nearly 3% in Wednesday premarket trading after it reported a first-quarter profit and sales miss and issued a profit warning for the year. The accessories company posted a net loss of $7.0 mi… All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. Don’t miss your opportunity to enjoy a fun girlfriend getaway filled with shopping of 40-60% off retail prices of Vera Bradley handbags luggage, stationery, and accessories.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
