Andrew Meslow Purchases 24,926 Shares of Vera Bradley (NASDAQ:VRA) Stock

Vera Bradley, Inc. (NASDAQ:VRA) Director Andrew Meslow bought 24,926 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $3.73 per share, with a total value of $92,973.98. Following the completion of the transaction, the director owned 650,000 shares in the company, valued at $2,424,500. The trade was a 3.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vera Bradley Trading Down 2.7%

NASDAQ:VRA traded down $0.10 during trading hours on Tuesday, hitting $3.59. 492,626 shares of the company were exchanged, compared to its average volume of 660,249. The stock has a market capitalization of $102.10 million, a price-to-earnings ratio of -5.20 and a beta of 1.62. Vera Bradley, Inc. has a one year low of $1.39 and a one year high of $4.39. The company has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $3.04.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Thursday, June 11th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.24. The business had revenue of $55.70 million during the quarter, compared to analyst estimates of $49.12 million. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%. Equities research analysts predict that Vera Bradley, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Vera Bradley from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vera Bradley currently has an average rating of “Reduce”.

Institutional Trading of Vera Bradley

Large investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of Vera Bradley in the 2nd quarter valued at about $28,000. Qube Research & Technologies Ltd acquired a new stake in shares of Vera Bradley in the 3rd quarter valued at about $49,000. Emissary Wealth LLC acquired a new stake in shares of Vera Bradley in the 4th quarter valued at about $51,000. Simplex Trading LLC grew its stake in shares of Vera Bradley by 55.0% in the 4th quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock valued at $85,000 after buying an additional 12,442 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Vera Bradley by 266.8% in the 2nd quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock valued at $91,000 after buying an additional 29,823 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Vera Bradley Company Profile

Vera Bradley, Inc (NASDAQ: VRA) is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women’s casual and travel needs.

The company’s product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.