Vera Bradley (NASDAQ:VRA) Director Acquires $96,500.00 in Stock

Vera Bradley, Inc. (NASDAQ:VRA) Director Andrew Meslow purchased 50,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $1.93 per share, with a total value of $96,500.00. Following the acquisition, the director owned 600,000 shares of the company’s stock, valued at $1,158,000. This represents a 9.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Andrew Meslow also recently made the following trade(s):

• On Friday, December 12th, Andrew Meslow bought 250,000 shares of Vera Bradley stock. The stock was purchased at an average cost of $1.98 per share, with a total value of $495,000.00.

Vera Bradley Price Performance

Vera Bradley stock opened at $2.19 on Thursday. The stock has a market cap of $61.21 million, a price-to-earnings ratio of -0.63 and a beta of 1.75. Vera Bradley, Inc. has a 12-month low of $1.39 and a 12-month high of $4.09. The company has a quick ratio of 0.81, a current ratio of 2.52 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.21.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Thursday, December 11th. The textile maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. Vera Bradley had a negative net margin of 34.23% and a negative return on equity of 18.30%. The business had revenue of $62.25 million during the quarter, compared to the consensus estimate of $61.69 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. As a group, research analysts anticipate that Vera Bradley, Inc. will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On Vera Bradley

Institutional investors and hedge funds have recently modified their holdings of the business. Williams & Novak LLC boosted its stake in shares of Vera Bradley by 48.3% during the 2nd quarter. Williams & Novak LLC now owns 20,170 shares of the textile maker’s stock worth $45,000 after acquiring an additional 6,565 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Vera Bradley by 5.7% in the second quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock valued at $305,000 after purchasing an additional 7,478 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Vera Bradley in the second quarter valued at about $25,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Vera Bradley during the 2nd quarter worth about $26,000. Finally, Empowered Funds LLC boosted its holdings in shares of Vera Bradley by 7.9% during the 1st quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after buying an additional 12,021 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VRA shares. Wall Street Zen lowered Vera Bradley from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. 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, Vera Bradley currently has an average rating of “Reduce”.

About Vera Bradley

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.