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Vera Bradley (NYSE:VRA) major shareholder Michael C. Ray sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $19.84, for a total transaction of $124,000.00. Following the completion of the sale, the insider now directly owns 858,748 shares of the company’s stock, valued at approximately $17,037,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

VRA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Vera Bradley from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $20.40 price target on the stock. Separately, analysts at Standpoint Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. Finally, analysts at Buckingham Research initiated coverage on shares of Vera Bradley in a research note on Tuesday, June 24th. They set a “neutral” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.91.

Shares of Vera Bradley (NYSE:VRA) traded down 1.14% on Thursday, hitting $19.06. 473,495 shares of the company’s stock traded hands. Vera Bradley has a 52-week low of $17.27 and a 52-week high of $30.00. The stock has a 50-day moving average of $20.45 and a 200-day moving average of $24.87. The company has a market cap of $775.5 million and a price-to-earnings ratio of 13.97.

Vera Bradley (NYSE:VRA) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts predict that Vera Bradley will post $1.05 earnings per share for the current fiscal year.

Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.

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