Anne Marie Ray Sells 28,378 Shares of Vera Bradley, Inc. (VRA) Stock

Vera Bradley, Inc. (NASDAQ:VRA) insider Anne Marie Ray sold 28,378 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $13.73, for a total transaction of $389,629.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anne Marie Ray also recently made the following trade(s):

  • On Monday, August 6th, Anne Marie Ray sold 14,189 shares of Vera Bradley stock. The shares were sold at an average price of $13.39, for a total transaction of $189,990.71.
  • On Wednesday, July 11th, Anne Marie Ray sold 28,378 shares of Vera Bradley stock. The shares were sold at an average price of $13.77, for a total transaction of $390,765.06.
  • 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.

Shares of NASDAQ VRA traded up $0.06 during mid-day trading on Friday, reaching $14.18. 4,883 shares of the company’s stock were exchanged, compared to its average volume of 270,011. The stock has a market cap of $486.45 million, a PE ratio of 23.72, a P/E/G ratio of 5.63 and a beta of 0.48. Vera Bradley, Inc. has a 52-week low of $6.99 and a 52-week high of $15.47.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, June 6th. The textile maker reported ($0.04) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $86.60 million during the quarter, compared to analysts’ expectations of $86.21 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. analysts expect that Vera Bradley, Inc. will post 0.49 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Vera Bradley by 10.3% during the second quarter. Legal & General Group Plc now owns 37,965 shares of the textile maker’s stock valued at $541,000 after buying an additional 3,554 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Vera Bradley by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,830 shares of the textile maker’s stock worth $363,000 after purchasing an additional 5,966 shares during the period. Rhumbline Advisers grew its holdings in Vera Bradley by 15.7% in the 4th quarter. Rhumbline Advisers now owns 47,479 shares of the textile maker’s stock worth $578,000 after buying an additional 6,444 shares in the last quarter. SG Americas Securities LLC bought a new position in Vera Bradley in the 2nd quarter worth approximately $142,000. Finally, MetLife Investment Advisors LLC bought a new position in Vera Bradley in the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 64.50% of the company’s stock.

Several equities research analysts have commented on VRA shares. BidaskClub raised shares of Vera Bradley from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. Zacks Investment Research lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. ValuEngine lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Finally, Telsey Advisory Group upped 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 note on Thursday, June 7th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Vera Bradley has an average rating of “Hold” and an average target price of $12.50.

Vera Bradley Company Profile

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.

Read More: Marijuana Stocks Investing Considerations

Insider Buying and Selling by Quarter for Vera Bradley (NASDAQ:VRA)

Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply