Share on StockTwits

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

Shares of Vera Bradley (NYSE:VRA) opened at 19.21 on Monday. Vera Bradley has a 1-year low of $17.27 and a 1-year high of $30.00. The stock’s 50-day moving average is $20.38 and its 200-day moving average is $24.83. The company has a market cap of $781.6 million and a price-to-earnings ratio of 13.81.

Vera Bradley (NYSE:VRA) last issued its quarterly earnings data 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. Analysts expect that Vera Bradley will post $1.05 EPS for the current fiscal year.

A number of research firms have recently commented on VRA. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Vera Bradley currently has a consensus rating of “Hold” and a consensus price target of $25.91.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.