Vera Bradley (NASDAQ:VRA) Director Buys $92,973.98 in Stock

Vera Bradley, Inc. (NASDAQ:VRA) Director Andrew Meslow acquired 24,926 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $3.73 per share, for a total transaction of $92,973.98. Following the completion of the purchase, the director owned 650,000 shares in the company, valued at approximately $2,424,500. This trade represents a 3.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Vera Bradley Stock Performance

Shares of NASDAQ VRA opened at $3.90 on Friday. The stock has a market cap of $110.92 million, a PE ratio of -5.65 and a beta of 1.62. The business has a fifty day moving average of $3.66 and a two-hundred day moving average of $3.05. Vera Bradley, Inc. has a 52-week low of $1.39 and a 52-week high of $4.39.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Vera Bradley in a research report on Monday. Wall Street Zen cut 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 issued a Sell rating to the stock. According to MarketBeat.com, Vera Bradley has a consensus rating of “Reduce”.

Institutional Trading of Vera Bradley

Institutional investors and hedge funds have recently bought and sold shares of the stock. Impala Asset Management LLC acquired a new stake in Vera Bradley in the fourth quarter valued at $976,000. Saba Capital Management L.P. acquired a new stake in Vera Bradley in the 1st quarter valued at about $916,000. Marshall Wace LLP lifted its stake in Vera Bradley by 133.2% in the 4th quarter. Marshall Wace LLP now owns 467,127 shares of the textile maker’s stock valued at $1,130,000 after purchasing an additional 266,785 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vera Bradley by 31.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,807 shares of the textile maker’s stock worth $3,283,000 after purchasing an additional 249,161 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in Vera Bradley by 15.2% during the third quarter. Nomura Holdings Inc. now owns 1,846,432 shares of the textile maker’s stock worth $3,711,000 after purchasing an additional 243,900 shares during the period. Institutional investors own 59.88% of the company’s stock.

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.