Vera Bradley (NASDAQ:VRA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Vera Bradley, Inc. (NASDAQ:VRA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.08 and traded as high as $3.86. Vera Bradley shares last traded at $3.84, with a volume of 111,978 shares traded.

Analyst Ratings Changes

VRA has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research note on Monday, June 15th. Wall Street Zen lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Vera Bradley Stock Performance

The business has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.09. The firm has a market capitalization of $109.21 million, a price-to-earnings ratio of -5.57 and a beta of 1.62.

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

Insiders Place Their Bets

In other news, Director Andrew Meslow purchased 24,926 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $3.73 per share, with a total value of $92,973.98. Following the purchase, the director directly owned 650,000 shares in the company, valued at approximately $2,424,500. This represents a 3.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 14.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in Vera Bradley during the second quarter worth $28,000. Qube Research & Technologies Ltd purchased a new position in shares of Vera Bradley during the 3rd quarter worth $49,000. Emissary Wealth LLC purchased a new position in shares of Vera Bradley during the 4th quarter worth $51,000. Simplex Trading LLC increased its position in shares of Vera Bradley by 55.0% during the 4th quarter. Simplex Trading LLC now owns 35,083 shares of the textile maker’s stock worth $85,000 after purchasing an additional 12,442 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Vera Bradley by 266.8% during the 2nd quarter. Corient Private Wealth LLC now owns 41,000 shares of the textile maker’s stock worth $91,000 after purchasing an additional 29,823 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

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.