Vera Bradley EVP Sells $110,700 in Stock (VRA)
Vera Bradley (NYSE:VRA) EVP Charles R. Mann sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $22.14, for a total value of $110,700.00. Following the transaction, the executive vice president now directly owns 23,291 shares of the company’s stock, valued at approximately $515,663. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Vera Bradley (NYSE:VRA) traded up 0.64% on Friday, hitting $21.92. 238,807 shares of the company’s stock traded hands. Vera Bradley has a one year low of $17.27 and a one year high of $30.00. The stock’s 50-day moving average is $25.28 and its 200-day moving average is $25.71. The company has a market cap of $891.8 million and a price-to-earnings ratio of 15.78.
Vera Bradley (NYSE:VRA) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $118.41 million. During the same quarter last year, the company posted $0.23 earnings per share. Vera Bradley’s revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that Vera Bradley will post $1.05 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on VRA shares. Analysts at Buckingham Research initiated coverage on shares of Vera Bradley in a research note on Tuesday. They set a “neutral” rating and a $21.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Vera Bradley from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $22.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vera Bradley in a research note on Friday, June 6th. They now have a $25.00 price target on the stock, down previously from $29.00. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.14.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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