Insider Selling: Vera Bradley, Inc. (VRA) Insider Sells $385,537.60 in Stock
Vera Bradley, Inc. (NASDAQ:VRA) insider Michael C. Ray sold 33,236 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.60, for a total transaction of $385,537.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Vera Bradley stock opened at $11.51 on Monday. The firm has a market capitalization of $393.24 million, a price-to-earnings ratio of 19.51 and a beta of 0.76. Vera Bradley, Inc. has a 12-month low of $7.94 and a 12-month high of $17.38.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $118.20 million for the quarter, compared to analyst estimates of $116.34 million. Vera Bradley had a net margin of 4.99% and a return on equity of 7.15%. The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, equities analysts expect that Vera Bradley, Inc. will post 0.69 earnings per share for the current year.
Several equities analysts recently commented on VRA shares. ValuEngine lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. BidaskClub raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Saturday, March 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Vera Bradley in a report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.50.
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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