Vera Bradley, Inc. (NASDAQ:VRA) major shareholder Thomas Farrell Byrne II sold 12,292 shares of Vera Bradley stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $12.33, for a total value of $151,560.36. Following the sale, the insider now directly owns 32,605 shares of the company’s stock, valued at approximately $402,019.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Vera Bradley, Inc. (VRA) opened at $11.11 on Friday. Vera Bradley, Inc. has a twelve month low of $6.99 and a twelve month high of $12.83. The firm has a market capitalization of $394.21, a P/E ratio of 222.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08.
Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Vera Bradley had a return on equity of 0.52% and a net margin of 0.31%. The firm had revenue of $114.10 million for the quarter, compared to the consensus estimate of $114.55 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. analysts expect that Vera Bradley, Inc. will post 0.58 earnings per share for the current year.
A number of research firms have recently weighed in on VRA. B. Riley reissued a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird set a $12.00 target price on Vera Bradley and gave the company a “hold” rating in a research note on Monday, December 25th. Jefferies Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Vera Bradley presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC grew its holdings 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 worth $130,000 after acquiring an additional 3,014 shares during the period. Texas Permanent School Fund grew its holdings in shares of Vera Bradley by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock worth $135,000 after acquiring an additional 157 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Vera Bradley by 14.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock worth $141,000 after acquiring an additional 1,943 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of Vera Bradley in the 3rd quarter worth approximately $141,000. Finally, Wells Fargo & Company MN grew its stake in shares of Vera Bradley by 11.6% in the 2nd quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock worth $147,000 after buying an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.
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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.
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