Vera Bradley, Inc. (NASDAQ:VRA) major shareholder Michael C. Ray sold 2,429 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.55, for a total transaction of $32,912.95. Following the transaction, the insider now directly owns 21,873 shares of the company’s stock, valued at approximately $296,379.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ:VRA traded down $0.44 during trading on Wednesday, reaching $12.81. The company’s stock had a trading volume of 394,756 shares, compared to its average volume of 353,177. The company has a current ratio of 5.80, a quick ratio of 3.69 and a debt-to-equity ratio of 0.08. Vera Bradley, Inc. has a 12 month low of $7.94 and a 12 month high of $17.38. The company has a market cap of $470.78 million, a price-to-earnings ratio of 21.71 and a beta of 0.69.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Vera Bradley had a net margin of 4.99% and a return on equity of 7.15%. The company had revenue of $118.20 million for the quarter, compared to analyst estimates of $116.34 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts forecast that Vera Bradley, Inc. will post 0.69 EPS for the current year.

Several research firms have commented on VRA. BidaskClub raised shares of Vera Bradley from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Saturday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Vera Bradley in a report on Thursday, March 14th. Finally, ValuEngine downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $13.50.

A number of institutional investors have recently bought and sold shares of VRA. Northern Trust Corp raised its stake in Vera Bradley by 11.4% during the 2nd quarter. Northern Trust Corp now owns 269,660 shares of the textile maker’s stock valued at $3,786,000 after buying an additional 27,581 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Vera Bradley in the 3rd quarter worth $504,000. Russell Investments Group Ltd. increased its stake in shares of Vera Bradley by 20.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 126,087 shares of the textile maker’s stock worth $1,926,000 after purchasing an additional 21,346 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Vera Bradley by 33.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 43,138 shares of the textile maker’s stock worth $658,000 after purchasing an additional 10,720 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Vera Bradley by 11.1% in the 3rd quarter. Systematic Financial Management LP now owns 90,615 shares of the textile maker’s stock worth $1,383,000 after purchasing an additional 9,045 shares in the last quarter. 70.48% of the stock is currently owned by institutional investors.

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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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