Vera Bradley, Inc. (NASDAQ:VRA) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 1,635 call options on the company. This represents an increase of 1,779% compared to the average volume of 87 call options.
A number of research firms have recently weighed in on VRA. BidaskClub cut shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Robert W. Baird set a $12.00 price objective on shares of Vera Bradley and gave the company a “hold” rating in a research report on Monday, December 25th. ValuEngine raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Cowen set a $10.00 price objective on shares of Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.40.
Shares of Vera Bradley stock traded down $0.04 during midday trading on Friday, hitting $10.88. The company had a trading volume of 189,420 shares, compared to its average volume of 364,979. The firm has a market capitalization of $387.88, a P/E ratio of 18.13, a PEG ratio of 5.29 and a beta of 0.66. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.83.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The company had revenue of $132.00 million during the quarter, compared to analyst estimates of $130.02 million. During the same period last year, the firm posted $0.28 EPS. Vera Bradley’s revenue for the quarter was down 2.1% compared to the same quarter last year. analysts anticipate that Vera Bradley will post 0.41 EPS for the current year.
In other news, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the completion of the sale, the director now owns 63,593 shares in the company, valued at $618,759.89. The disclosure for this sale can be found here. 39.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. raised its position in Vera Bradley by 62.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,959,900 shares of the textile maker’s stock worth $26,077,000 after buying an additional 1,133,407 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Vera Bradley by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock worth $22,294,000 after buying an additional 303,858 shares during the last quarter. Renaissance Technologies LLC raised its position in Vera Bradley by 1.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,782,500 shares of the textile maker’s stock worth $21,711,000 after buying an additional 29,000 shares during the last quarter. Royce & Associates LP raised its position in Vera Bradley by 27.4% during the 4th quarter. Royce & Associates LP now owns 465,600 shares of the textile maker’s stock worth $5,671,000 after buying an additional 100,089 shares during the last quarter. Finally, State Street Corp raised its position in Vera Bradley by 3.3% during the 2nd quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock worth $4,390,000 after buying an additional 14,529 shares during the last quarter. 62.58% of the stock is owned by institutional investors.
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About Vera Bradley
Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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