Michael C. Ray Sells 1,600 Shares of Vera Bradley Inc. (VRA) Stock
Vera Bradley Inc. (NASDAQ:VRA) major shareholder Michael C. Ray sold 1,600 shares of the business’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $15.58, for a total value of $24,928.00. Following the sale, the insider now owns 282,262 shares in the company, valued at $4,397,641.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Vera Bradley Inc. (NASDAQ:VRA) opened at 15.17 on Friday. The company has a 50-day moving average price of $15.48 and a 200 day moving average price of $15.98. Vera Bradley Inc. has a 1-year low of $10.41 and a 1-year high of $20.69. The firm has a market capitalization of $554.99 million, a price-to-earnings ratio of 17.10 and a beta of 1.12.
Vera Bradley (NASDAQ:VRA) last posted its earnings results on Thursday, September 1st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Vera Bradley had a return on equity of 12.34% and a net margin of 6.63%. The firm had revenue of $119.20 million for the quarter. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Vera Bradley Inc. will post $0.90 earnings per share for the current year.
VRA has been the topic of a number of research analyst reports. Wunderlich decreased their target price on Vera Bradley from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Zacks Investment Research upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $19.00 target price (down from $21.00) on shares of Vera Bradley in a research report on Thursday, June 2nd. Cowen and Company reiterated a “market perform” rating and set a $18.00 target price on shares of Vera Bradley in a research report on Sunday, September 4th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $18.00 price target on shares of Vera Bradley in a report on Sunday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.75.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its stake in Vera Bradley by 143.6% in the first quarter. BlackRock Fund Advisors now owns 1,349,293 shares of the company’s stock valued at $27,445,000 after buying an additional 795,475 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Vera Bradley by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,200 shares of the company’s stock worth $102,000 after buying an additional 700 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of Vera Bradley during the first quarter worth about $5,451,000. Strs Ohio purchased a new position in shares of Vera Bradley during the second quarter worth about $478,000. Finally, AXA purchased a new position in shares of Vera Bradley during the first quarter worth about $1,534,000. Hedge funds and other institutional investors own 55.34% of the company’s stock.
Vera Bradley Company Profile
Vera Bradley, Inc is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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