Key Points
- Andrew Meslow, a Vera Bradley director, bought 250,000 shares on Dec. 12 at $1.98 per share for $495,000 and added 50,000 shares on Dec. 15 at $1.93 ($96,500), with the Dec. 12 filing showing he owned 550,000 shares after that trade.
- Vera Bradley trades near the low end of its range (opened $1.83; 52‑week range $1.39–$4.19) and remains unprofitable despite a quarterly EPS beat (‑$0.04 vs. est. ‑$0.11) and revenue slightly above estimates; market cap is about $51.2 million.
- Analyst sentiment is weak (average rating: "Reduce" with two Holds and one Sell), while institutional investors own roughly 59.9% of the stock and some funds (e.g., Nomura, Jane Street) have recently increased positions.
Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report) Director Andrew Meslow acquired 50,000 shares of the business's stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $1.93 per share, for a total transaction of $96,500.00. Following the acquisition, the director directly owned 600,000 shares in the company, valued at $1,158,000. This represents a 9.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Andrew Meslow also recently made the following trade(s):
- On Friday, December 12th, Andrew Meslow bought 250,000 shares of Vera Bradley stock. The shares were bought at an average price of $1.98 per share, for a total transaction of $495,000.00.
Vera Bradley Stock Down 6.2%
Vera Bradley stock opened at $1.83 on Tuesday. The company has a 50 day moving average of $2.36 and a 200-day moving average of $2.21. The company has a quick ratio of 0.81, a current ratio of 2.52 and a debt-to-equity ratio of 0.08. Vera Bradley, Inc. has a twelve month low of $1.39 and a twelve month high of $4.19. The stock has a market capitalization of $51.12 million, a PE ratio of -0.52 and a beta of 1.75.
Vera Bradley (NASDAQ:VRA - Get Free Report) last posted its quarterly earnings data on Thursday, December 11th. The textile maker reported ($0.04) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $61.69 million. During the same period in the previous year, the firm posted ($0.27) EPS. On average, equities research analysts anticipate that Vera Bradley, Inc. will post -0.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in shares of Vera Bradley during the 3rd quarter worth about $49,000. Nomura Holdings Inc. raised its stake in Vera Bradley by 15.2% in the third quarter. Nomura Holdings Inc. now owns 1,846,432 shares of the textile maker's stock valued at $3,711,000 after buying an additional 243,900 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Vera Bradley in the third quarter valued at approximately $121,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Vera Bradley by 21.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 542,579 shares of the textile maker's stock valued at $1,091,000 after buying an additional 96,044 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Vera Bradley during the 3rd quarter worth approximately $201,000. Institutional investors own 59.88% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Vera Bradley in a research report on Wednesday, October 8th. Small Cap Consu raised shares of Vera Bradley to a "hold" rating in a research report on Monday, August 18th. Finally, Wall Street Zen cut shares of Vera Bradley from a "hold" rating to a "sell" rating in a research report on Sunday, October 26th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Vera Bradley currently has a consensus rating of "Reduce".
Read Our Latest Analysis on Vera Bradley
Vera Bradley Company Profile
(
Get Free Report)
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.
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