Vera Bradley, Inc. (NASDAQ:VRA) Insider Robert Wallstrom Buys 5,434 Shares

Vera Bradley, Inc. (NASDAQ:VRA) insider Robert Wallstrom purchased 5,434 shares of Vera Bradley stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $9.19 per share, for a total transaction of $49,938.46. Following the completion of the purchase, the insider now owns 270,306 shares in the company, valued at approximately $2,484,112.14. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Vera Bradley stock traded up $0.22 during midday trading on Monday, reaching $9.07. The company had a trading volume of 16,000 shares, compared to its average volume of 400,266. The stock has a fifty day moving average price of $10.68 and a 200 day moving average price of $11.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.15 and a quick ratio of 2.53. The firm has a market cap of $302.76 million, a PE ratio of 15.51 and a beta of 0.86. Vera Bradley, Inc. has a fifty-two week low of $7.94 and a fifty-two week high of $17.38.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Vera Bradley had a net margin of 3.82% and a return on equity of 6.57%. The firm had revenue of $119.79 million for the quarter, compared to analyst estimates of $117.35 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Vera Bradley, Inc. will post 0.9 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Vera Bradley during the first quarter worth $32,000. Aperio Group LLC acquired a new position in Vera Bradley in the second quarter valued at $37,000. Sterling Investment Advisors Ltd. acquired a new position in Vera Bradley in the second quarter valued at $48,000. BNP Paribas Arbitrage SA lifted its holdings in Vera Bradley by 67.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,744 shares of the textile maker’s stock valued at $63,000 after buying an additional 1,907 shares during the period. Finally, Metropolitan Life Insurance Co NY bought a new stake in Vera Bradley during the first quarter valued at $100,000. 66.51% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on VRA shares. Zacks Investment Research reiterated a “buy” rating and set a $12.00 price objective on shares of Vera Bradley in a research report on Saturday, June 15th. BidaskClub upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Telsey Advisory Group decreased their target price on shares of Vera Bradley from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, ValuEngine downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Vera Bradley presently has a consensus rating of “Hold” and an average target price of $11.00.

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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