Vera Bradley, Inc. (NASDAQ:VRA) insider Anne Marie Ray sold 28,378 shares of Vera Bradley stock in a transaction on Wednesday, July 11th. The shares were sold at an average price of $13.77, for a total transaction of $390,765.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Anne Marie Ray also recently made the following trade(s):
- On Thursday, June 28th, Anne Marie Ray sold 28,378 shares of Vera Bradley stock. The shares were sold at an average price of $14.60, for a total transaction of $414,318.80.
Vera Bradley traded down $0.16, hitting $13.32, during trading hours on Thursday, MarketBeat.com reports. 356,603 shares of the company traded hands, compared to its average volume of 325,408. Vera Bradley, Inc. has a one year low of $6.99 and a one year high of $15.47. The stock has a market cap of $504.98 million, a PE ratio of 22.47, a price-to-earnings-growth ratio of 5.90 and a beta of 0.60.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, June 6th. The textile maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. Vera Bradley had a return on equity of 8.27% and a net margin of 2.18%. The business had revenue of $86.60 million for the quarter, compared to analysts’ expectations of $86.21 million. During the same period last year, the business earned ($0.09) EPS. The business’s revenue was down 9.9% on a year-over-year basis. equities research analysts forecast that Vera Bradley, Inc. will post 0.48 earnings per share for the current year.
Several analysts recently issued reports on the stock. BidaskClub raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Saturday, June 9th. Robert W. Baird set a $11.00 price target on shares of Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, March 14th. ValuEngine downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Finally, Telsey Advisory Group lifted their price target on shares of Vera Bradley from $11.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, June 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.50.
Large investors have recently modified their holdings of the business. Mackay Shields LLC bought a new stake in shares of Vera Bradley during the 1st quarter worth $117,000. MetLife Investment Advisors LLC bought a new stake in shares of Vera Bradley during the 4th quarter worth $125,000. Jefferies Group LLC bought a new stake in shares of Vera Bradley during the 4th quarter worth $158,000. Landscape Capital Management L.L.C. bought a new stake in shares of Vera Bradley during the 4th quarter worth $160,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Vera Bradley during the 4th quarter worth $217,000. Institutional investors and hedge funds own 63.87% of the company’s stock.
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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