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.

A number of institutional investors have recently made changes to their positions in VRA. Meeder Asset Management Inc. grew its holdings in Vera Bradley by 1,430.1% in the 4th quarter. Meeder Asset Management Inc. now owns 6,962 shares of the textile maker’s stock worth $60,000 after acquiring an additional 6,507 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Vera Bradley in the 4th quarter worth $70,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Vera Bradley in the 4th quarter worth about $83,000. New York State Teachers Retirement System lifted its position in shares of Vera Bradley by 24.9% in the 4th quarter. New York State Teachers Retirement System now owns 12,532 shares of the textile maker’s stock worth $107,000 after purchasing an additional 2,500 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Vera Bradley by 294.9% in the 3rd quarter. Pacer Advisors Inc. now owns 7,172 shares of the textile maker’s stock worth $109,000 after purchasing an additional 5,356 shares during the period. 71.06% of the stock is currently owned by institutional investors and hedge funds.

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.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Vera Bradley, Inc. (VRA) Insider Sells $385,537.60 in Stock” was originally published by Marea Informative and is the property of of Marea Informative. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.mareainformativa.com/news/2019/04/22/insider-selling-vera-bradley-inc-vra-insider-sells-385537-60-in-stock.html.

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.

Featured Article: Back-End Load

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

Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.