Vera Bradley (NASDAQ:VRA) Director Buys $96,500.00 in Stock

Vera Bradley, Inc. (NASDAQ:VRA) Director Andrew Meslow bought 50,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was bought at an average price of $1.93 per share, for a total transaction of $96,500.00. Following the transaction, the director directly owned 600,000 shares of the company’s stock, valued at approximately $1,158,000. This represents a 9.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Andrew Meslow also recently made the following trade(s):

• On Friday, December 12th, Andrew Meslow bought 250,000 shares of Vera Bradley stock. The shares were bought at an average cost of $1.98 per share, for a total transaction of $495,000.00.

Vera Bradley Price Performance

Shares of VRA traded down $0.12 during trading hours on Monday, reaching $1.83. The stock had a trading volume of 1,111,567 shares, compared to its average volume of 429,149. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 2.52. Vera Bradley, Inc. has a 12 month low of $1.39 and a 12 month high of $4.19. The stock has a market capitalization of $51.15 million, a PE ratio of -0.52 and a beta of 1.74. The company’s 50-day moving average is $2.37 and its two-hundred day moving average is $2.21.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Thursday, December 11th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The business had revenue of $62.25 million during the quarter, compared to analysts’ expectations of $61.69 million. Vera Bradley had a negative return on equity of 18.30% and a negative net margin of 34.23%.During the same quarter in the prior year, the firm earned ($0.27) EPS. Research analysts expect that Vera Bradley, Inc. will post -0.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Finally, Small Cap Consu upgraded shares of Vera Bradley to a “hold” rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Trading of Vera Bradley

Hedge funds have recently bought and sold shares of the business. Williams & Novak LLC grew its holdings in shares of Vera Bradley by 48.3% during the second quarter. Williams & Novak LLC now owns 20,170 shares of the textile maker’s stock valued at $45,000 after buying an additional 6,565 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Vera Bradley by 5.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock valued at $305,000 after purchasing an additional 7,478 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Vera Bradley during the second quarter worth about $25,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Vera Bradley in the 2nd quarter worth approximately $26,000. Finally, Empowered Funds LLC raised its stake in shares of Vera Bradley by 7.9% in the first quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock valued at $368,000 after buying an additional 12,021 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.