Vera Bradley, Inc. (NASDAQ:VRA) major shareholder Michael C. Ray sold 237,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total value of $1,954,625.00. Following the completion of the transaction, the insider now directly owns 120,712 shares of the company’s stock, valued at approximately $993,459.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Vera Bradley, Inc. (NASDAQ:VRA) traded down 3.97% on Friday, reaching $8.46. The company’s stock had a trading volume of 291,087 shares. The firm has a market cap of $305.86 million, a PE ratio of 23.24 and a beta of 0.90. Vera Bradley, Inc. has a 52-week low of $7.70 and a 52-week high of $16.39. The stock’s 50 day moving average price is $9.66 and its 200 day moving average price is $9.21.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The firm had revenue of $112.42 million for the quarter, compared to analysts’ expectations of $111.72 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Vera Bradley, Inc. will post $0.47 earnings per share for the current fiscal year.

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VRA has been the subject of a number of analyst reports. Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC set a $10.00 target price on Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, May 31st. FBR & Co reiterated an “outperform” rating and issued a $12.00 target price on shares of Vera Bradley in a research report on Tuesday, July 11th. BidaskClub cut Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.60.

Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Vera Bradley by 3.3% during the 2nd quarter. State Street Corp now owns 448,415 shares of the textile maker’s stock valued at $4,390,000 after purchasing an additional 14,529 shares during the last quarter. AHL Partners LLP increased its position in shares of Vera Bradley by 133.2% during the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after purchasing an additional 22,500 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Vera Bradley by 29.4% during the 2nd quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 3,014 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after purchasing an additional 413,983 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Vera Bradley by 61.6% during the 2nd quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock valued at $4,264,000 after purchasing an additional 166,116 shares during the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Vera Bradley Company Profile

Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

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

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