Insider Selling: Vera Bradley, Inc. (VRA) Major Shareholder Sells 14,189 Shares of Stock

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Vera Bradley, Inc. (NASDAQ:VRA) major shareholder Anne Marie Ray sold 14,189 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $11.32, for a total value of $160,619.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Anne Marie Ray also recently made the following trade(s):

  • On Friday, May 10th, Anne Marie Ray sold 70,000 shares of Vera Bradley stock. The stock was sold at an average price of $11.78, for a total value of $824,600.00.
  • On Friday, May 3rd, Anne Marie Ray sold 28,378 shares of Vera Bradley stock. The stock was sold at an average price of $12.50, for a total value of $354,725.00.
  • On Wednesday, April 17th, Anne Marie Ray sold 14,189 shares of Vera Bradley stock. The stock was sold at an average price of $11.65, for a total value of $165,301.85.
  • On Tuesday, April 2nd, Anne Marie Ray sold 14,189 shares of Vera Bradley stock. The stock was sold at an average price of $13.16, for a total value of $186,727.24.
  • On Tuesday, March 19th, Anne Marie Ray sold 28,378 shares of Vera Bradley stock. The stock was sold at an average price of $13.45, for a total value of $381,684.10.
  • On Tuesday, March 12th, Anne Marie Ray sold 70,000 shares of Vera Bradley stock. The stock was sold at an average price of $10.61, for a total value of $742,700.00.
  • On Tuesday, February 26th, Anne Marie Ray sold 28,378 shares of Vera Bradley stock. The stock was sold at an average price of $9.68, for a total value of $274,699.04.

NASDAQ VRA traded down $0.21 during trading hours on Friday, reaching $11.29. 177,215 shares of the stock traded hands, compared to its average volume of 286,428. Vera Bradley, Inc. has a 1 year low of $7.94 and a 1 year high of $17.38. The company has a market capitalization of $391.29 million, a price-to-earnings ratio of 19.14 and a beta of 0.72.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Vera Bradley had a return on equity of 7.15% and a net margin of 4.99%. The business had revenue of $118.20 million for the quarter, compared to the consensus estimate of $116.34 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that Vera Bradley, Inc. will post 0.69 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRA. Dalton Greiner Hartman Maher & Co. bought a new stake in Vera Bradley during the 4th quarter valued at approximately $3,340,000. Ancora Advisors LLC lifted its holdings in shares of Vera Bradley by 137.8% during the fourth 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 last quarter. American Century Companies Inc. purchased a new position in shares of Vera Bradley during the fourth quarter valued at approximately $2,716,000. Acadian Asset Management LLC lifted its holdings in shares of Vera Bradley by 44.9% during the fourth quarter. Acadian Asset Management LLC now owns 841,272 shares of the textile maker’s stock valued at $7,209,000 after purchasing an additional 260,532 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Vera Bradley by 41.9% during the fourth quarter. Millennium Management LLC now owns 781,190 shares of the textile maker’s stock valued at $6,695,000 after purchasing an additional 230,511 shares during the last quarter. Institutional investors and hedge funds own 70.20% of the company’s stock.

A number of brokerages recently issued reports on VRA. BidaskClub downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $11.00 price target on shares of Vera Bradley in a research report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.

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

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