Vera Bradley, Inc. (NASDAQ:VRA) Major Shareholder Thomas Farrell Byrne II Sells 35,000 Shares

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Vera Bradley, Inc. (NASDAQ:VRA) major shareholder Thomas Farrell Byrne II sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.73, for a total transaction of $375,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of VRA traded up $0.39 during midday trading on Wednesday, hitting $11.24. 360,095 shares of the company traded hands, compared to its average volume of 335,707. Vera Bradley, Inc. has a one year low of $7.94 and a one year high of $14.51. The firm has a market cap of $375.23 million, a P/E ratio of 19.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 0.91. The stock has a 50-day moving average of $11.02 and a 200-day moving average of $10.88.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Vera Bradley had a return on equity of 6.55% and a net margin of 3.82%. The firm had revenue of $119.79 million for the quarter, compared to the consensus estimate of $117.35 million. During the same period last year, the company posted $0.26 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Vera Bradley, Inc. will post 0.89 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Vera Bradley in the second quarter worth approximately $37,000. Sterling Investment Advisors Ltd. bought a new stake in Vera Bradley in the 2nd quarter worth approximately $48,000. Meeder Asset Management Inc. lifted its position in Vera Bradley by 871.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,546 shares of the textile maker’s stock worth $75,000 after buying an additional 6,769 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Vera Bradley by 14.8% in the third quarter. Mason Street Advisors LLC now owns 8,016 shares of the textile maker’s stock worth $81,000 after buying an additional 1,033 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY purchased a new stake in Vera Bradley in the first quarter worth approximately $100,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.

Several research firms have issued reports on VRA. BidaskClub downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Wednesday. Telsey Advisory Group cut their price target on Vera Bradley from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, September 5th. ValuEngine upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Zacks Investment Research lowered Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target 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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