Vera Bradley, Inc. (VRA) Insider Sells $440,709.36 in Stock

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Vera Bradley, Inc. (NASDAQ:VRA) insider Michael C. Ray sold 33,236 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $13.26, for a total transaction of $440,709.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ VRA traded down $0.21 during trading on Wednesday, hitting $13.19. The stock had a trading volume of 266,673 shares, compared to its average volume of 356,638. Vera Bradley, Inc. has a 12 month low of $6.99 and a 12 month high of $17.38. The firm has a market cap of $445.49 million, a price-to-earnings ratio of 21.98 and a beta of 0.35.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, September 5th. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Vera Bradley had a net margin of 3.76% and a return on equity of 9.82%. The firm had revenue of $113.60 million during the quarter, compared to analyst estimates of $113.14 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Vera Bradley, Inc. will post 0.59 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of VRA. Acadian Asset Management LLC grew its stake in shares of Vera Bradley by 185.7% in the 3rd quarter. Acadian Asset Management LLC now owns 580,740 shares of the textile maker’s stock worth $8,861,000 after acquiring an additional 377,452 shares in the last quarter. BlackRock Inc. grew its stake in shares of Vera Bradley by 10.3% in the 2nd quarter. BlackRock Inc. now owns 2,959,621 shares of the textile maker’s stock worth $41,553,000 after acquiring an additional 276,112 shares in the last quarter. Spark Investment Management LLC grew its stake in shares of Vera Bradley by 856.4% in the 2nd quarter. Spark Investment Management LLC now owns 252,500 shares of the textile maker’s stock worth $3,545,000 after acquiring an additional 226,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vera Bradley by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,986,249 shares of the textile maker’s stock worth $31,684,000 after acquiring an additional 214,334 shares in the last quarter. Finally, North Fourth Asset Management LP bought a new stake in shares of Vera Bradley in the 2nd quarter worth $2,583,000. Hedge funds and other institutional investors own 69.77% of the company’s stock.

A number of analysts have commented on the stock. TheStreet upgraded shares of Vera Bradley from a “c” rating to a “b” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Saturday, September 8th. BidaskClub upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Telsey Advisory Group boosted their price target on shares of Vera Bradley from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.25.

Vera Bradley Company Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

Further Reading: Tariff

Insider Buying and Selling by Quarter for Vera Bradley (NASDAQ:VRA)

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