Vera Bradley, Inc. (NASDAQ:VRA) Insider Michael C. Ray Sells 33,236 Shares

Vera Bradley, Inc. (NASDAQ:VRA) insider Michael C. Ray sold 33,236 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.60, for a total transaction of $385,537.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of VRA opened at $11.75 on Friday. The stock has a market capitalization of $402.91 million, a price-to-earnings ratio of 19.92 and a beta of 0.72. Vera Bradley, Inc. has a fifty-two week low of $7.94 and a fifty-two week high of $17.38.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $118.20 million for the quarter, compared to analysts’ expectations of $116.34 million. Vera Bradley had a net margin of 4.99% and a return on equity of 7.15%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, equities analysts expect that Vera Bradley, Inc. will post 0.69 EPS for the current year.

A number of research firms recently issued reports on VRA. BidaskClub raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. ValuEngine raised shares of Vera Bradley from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. 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 note on Saturday, March 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Vera Bradley in a research note on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.50.

A number of institutional investors and hedge funds have recently made changes to their positions in VRA. Quantamental Technologies LLC purchased a new stake in Vera Bradley in the first quarter worth about $32,000. Meeder Asset Management Inc. grew its holdings in Vera Bradley by 1,430.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,962 shares of the textile maker’s stock worth $60,000 after purchasing an additional 6,507 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Vera Bradley by 67.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,744 shares of the textile maker’s stock worth $63,000 after purchasing an additional 1,907 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Vera Bradley in the fourth quarter worth about $70,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Vera Bradley in the fourth quarter worth about $83,000. Institutional investors and hedge funds own 70.82% of the company’s stock.

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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.

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

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