Vera Bradley Inc. (NASDAQ:VRA) major shareholder Michael C. Ray sold 1,600 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $15.58, for a total value of $24,928.00. Following the transaction, the insider now directly owns 282,262 shares of the company’s stock, valued at $4,397,641.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Vera Bradley Inc. (NASDAQ:VRA) opened at 15.17 on Friday. The firm has a market cap of $554.99 million, a PE ratio of 17.10 and a beta of 1.12. The stock has a 50 day moving average price of $15.48 and a 200 day moving average price of $15.98. Vera Bradley Inc. has a 12 month low of $10.41 and a 12 month high of $20.69.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $119.20 million for the quarter. Vera Bradley had a return on equity of 12.34% and a net margin of 6.63%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, equities research analysts expect that Vera Bradley Inc. will post $0.90 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Cowen and Company reissued a “market perform” rating and set a $18.00 price objective on shares of Vera Bradley in a research note on Sunday, September 4th. Robert W. Baird reissued a “neutral” rating and set a $18.00 price objective on shares of Vera Bradley in a research note on Sunday, September 4th. Telsey Advisory Group reissued a “market perform” rating and set a $19.00 price objective (down from $21.00) on shares of Vera Bradley in a research note on Thursday, June 2nd. Finally, Wunderlich reduced their price objective on Vera Bradley from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in VRA. Capstone Asset Management Co. purchased a new position in shares of Vera Bradley during the second quarter worth approximately $142,000. Avalon Advisors LLC purchased a new position in shares of Vera Bradley during the first quarter worth approximately $1,125,000. Arizona State Retirement System purchased a new position in shares of Vera Bradley during the first quarter worth approximately $214,000. Renaissance Technologies LLC raised its position in shares of Vera Bradley by 28.6% in the first quarter. Renaissance Technologies LLC now owns 1,133,300 shares of the company’s stock worth $23,051,000 after buying an additional 251,800 shares during the last quarter. Finally, HBK Investments L P purchased a new position in shares of Vera Bradley during the first quarter worth approximately $228,000. Hedge funds and other institutional investors own 55.34% of the company’s stock.
Vera Bradley Company Profile
Vera Bradley, Inc is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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