Vera Bradley, Inc. (NASDAQ:VRA) insider Michael C. Ray sold 33,236 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $13.26, for a total value of $440,709.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ VRA opened at $13.19 on Friday. Vera Bradley, Inc. has a 1-year low of $6.99 and a 1-year high of $17.38. The stock has a market capitalization of $473.78 million, a PE ratio of 21.98 and a beta of 0.35.
Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, September 5th. The textile maker reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Vera Bradley had a return on equity of 9.82% and a net margin of 3.76%. The company had revenue of $113.60 million during the quarter, compared to the consensus estimate of $113.14 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Vera Bradley, Inc. will post 0.59 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Vera Bradley by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,986,249 shares of the textile maker’s stock worth $31,684,000 after buying an additional 214,334 shares during the period. BlackRock Inc. boosted its position in shares of Vera Bradley by 10.3% in the second quarter. BlackRock Inc. now owns 2,959,621 shares of the textile maker’s stock worth $41,553,000 after buying an additional 276,112 shares during the period. Acadian Asset Management LLC boosted its position in shares of Vera Bradley by 185.7% in the third quarter. Acadian Asset Management LLC now owns 580,740 shares of the textile maker’s stock worth $8,861,000 after buying an additional 377,452 shares during the period. Royce & Associates LP boosted its position in shares of Vera Bradley by 3.3% in the second quarter. Royce & Associates LP now owns 462,800 shares of the textile maker’s stock worth $6,498,000 after buying an additional 15,000 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Vera Bradley by 11.4% in the second quarter. Northern Trust Corp now owns 269,660 shares of the textile maker’s stock worth $3,786,000 after buying an additional 27,581 shares during the period. 69.77% of the stock is owned by institutional investors.
VRA has been the subject of several research analyst reports. TheStreet upgraded Vera Bradley from a “c” rating to a “b” rating in a research note on Thursday, September 6th. BidaskClub upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research upgraded 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. Finally, Telsey Advisory Group upped their price target on Vera Bradley from $15.00 to $17.00 and gave the stock 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 assigned a hold rating and two have given a buy rating to the company. Vera Bradley presently has a consensus rating of “Hold” and an average 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.
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