Vera Bradley, Inc. (VRA) Insider Sells $304,441.76 in Stock

Vera Bradley, Inc. (NASDAQ:VRA) insider Michael C. Ray sold 33,236 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $9.16, for a total value of $304,441.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ VRA opened at $9.55 on Friday. The company has a market cap of $327.26 million, a PE ratio of 15.92 and a beta of 0.69. Vera Bradley, Inc. has a one year low of $7.94 and a one year high of $17.38.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, December 12th. The textile maker reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $101.68 million. Vera Bradley had a net margin of 4.80% and a return on equity of 8.30%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, sell-side analysts predict that Vera Bradley, Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH raised its holdings in Vera Bradley by 537.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 84,769 shares of the textile maker’s stock valued at $1,294,000 after buying an additional 71,479 shares during the period. Russell Investments Group Ltd. raised its holdings in Vera Bradley by 20.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,087 shares of the textile maker’s stock valued at $1,926,000 after buying an additional 21,346 shares during the period. Bank of America Corp DE raised its holdings in Vera Bradley by 851.4% during the 2nd quarter. Bank of America Corp DE now owns 61,147 shares of the textile maker’s stock valued at $859,000 after buying an additional 54,720 shares during the period. Ibex Investors LLC purchased a new stake in Vera Bradley during the 3rd quarter valued at $203,000. Finally, Think Investments LP purchased a new stake in Vera Bradley during the 3rd quarter valued at $6,193,000. Hedge funds and other institutional investors own 72.84% of the company’s stock.

Several research analysts have weighed in on VRA shares. TheStreet downgraded Vera Bradley from a “b-” rating to a “c” rating in a research note on Thursday, December 13th. BidaskClub upgraded Vera Bradley from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 19th. Telsey Advisory Group restated a “market perform” rating and issued a $11.00 price target (down from $14.00) on shares of Vera Bradley in a research note on Thursday, December 13th. Finally, ValuEngine downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.75.

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About Vera Bradley

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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