Insider Selling: Vera Bradley, Inc. (NASDAQ:VRA) Major Shareholder Sells 35,000 Shares of Stock

Vera Bradley, Inc. (NASDAQ:VRA) major shareholder James Bradley Byrne sold 35,000 shares of Vera Bradley stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $11.34, for a total value of $396,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ VRA traded up $0.38 during midday trading on Friday, hitting $12.31. 281,615 shares of the stock traded hands, compared to its average volume of 353,000. The company has a market cap of $390.61 million, a price-to-earnings ratio of 20.72 and a beta of 0.78. Vera Bradley, Inc. has a one year low of $7.94 and a one year high of $17.38. The company has a quick ratio of 2.53, a current ratio of 4.15 and a debt-to-equity ratio of 0.41.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, June 5th. The textile maker reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $91.00 million during the quarter, compared to the consensus estimate of $87.95 million. Vera Bradley had a return on equity of 6.76% and a net margin of 4.69%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, equities research analysts anticipate that Vera Bradley, Inc. will post 0.7 earnings per share for the current year.

Several research firms have recently commented on VRA. BidaskClub upgraded Vera Bradley from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. Zacks Investment Research upgraded Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Saturday, March 16th. Telsey Advisory Group restated a “market perform” rating and set a $11.00 price objective on shares of Vera Bradley in a report on Thursday, March 14th. Finally, ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

A number of institutional investors have recently made changes to their positions in VRA. Ancora Advisors LLC grew its stake in Vera Bradley by 137.8% in the 4th quarter. Ancora Advisors LLC now owns 548,508 shares of the textile maker’s stock valued at $4,700,000 after purchasing an additional 317,895 shares during the period. American Century Companies Inc. bought a new position in Vera Bradley in the 4th quarter worth about $2,716,000. Acadian Asset Management LLC increased its stake in Vera Bradley by 44.9% in the 4th quarter. Acadian Asset Management LLC now owns 841,272 shares of the textile maker’s stock worth $7,209,000 after acquiring an additional 260,532 shares during the last quarter. Millennium Management LLC increased its stake in Vera Bradley by 41.9% in the 4th quarter. Millennium Management LLC now owns 781,190 shares of the textile maker’s stock worth $6,695,000 after acquiring an additional 230,511 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its position in shares of Vera Bradley by 369.9% during the 4th quarter. Alambic Investment Management L.P. now owns 236,618 shares of the textile maker’s stock valued at $2,028,000 after purchasing an additional 186,265 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

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About Vera Bradley

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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