Vera Bradley major shareholder Michael C. Ray Sells 13,750 Shares (VRA)
Vera Bradley (NYSE:VRA) major shareholder Michael C. Ray sold 13,750 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $20.13, for a total value of $276,787.50. Following the sale, the insider now directly owns 844,998 shares of the company’s stock, valued at approximately $17,009,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.91.
Vera Bradley (NYSE:VRA) traded up 1.56% on Tuesday, hitting $20.84. 425,649 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 $20.06 and a 200-day moving average of $24.58. The company has a market cap of $847.9 million and a price-to-earnings ratio of 14.87.
Vera Bradley, Inc (NYSE:VRA) is a designer, producer, marketer, and retailer of functional accessories for women.
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