Key Points
- Vera Bradley director Ivan Brockman bought 10,000 shares at an average price of $5.02, investing $50,200 and increasing his direct ownership to 12,500 shares.
- Vera Bradley recently exceeded quarterly expectations, reporting $0.11 EPS versus an expected $0.08 loss and revenue of $71.65 million, above the $65.95 million consensus estimate.
- The stock opened at $4.98, near its 52-week high of $5.22, while analyst sentiment was mixed but resulted in a MarketBeat consensus rating of “Moderate Buy.”
Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report) Director Ivan Brockman purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The shares were bought at an average price of $5.02 per share, for a total transaction of $50,200.00. Following the completion of the purchase, the director directly owned 12,500 shares in the company, valued at $62,750. This represents a 400.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ivan Brockman also recently made the following trade(s):
- On Friday, September 25th, Ivan Brockman acquired 2,500 shares of Vera Bradley stock. The stock was bought at an average price of $4.00 per share, with a total value of $10,000.00.
Vera Bradley Price Performance
NASDAQ VRA opened at $4.98 on Thursday. The company has a fifty day moving average of $3.68 and a two-hundred day moving average of $3.67. The company has a market capitalization of $142.88 million, a PE ratio of -13.46 and a beta of 1.50. Vera Bradley, Inc. has a 1 year low of $1.39 and a 1 year high of $5.22.
Vera Bradley (NASDAQ:VRA - Get Free Report) last posted its earnings results on Tuesday, September 15th. The textile maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.19. The business had revenue of $71.65 million during the quarter, compared to the consensus estimate of $65.95 million. Vera Bradley had a negative return on equity of 3.80% and a negative net margin of 3.66%.During the same period in the previous year, the business earned ($0.17) EPS. On average, research analysts expect that Vera Bradley, Inc. will post -0.22 earnings per share for the current year.
Hedge Funds Weigh In On Vera Bradley
A number of hedge funds and other institutional investors have recently bought and sold shares of VRA. Engineers Gate Manager LP purchased a new stake in Vera Bradley in the 2nd quarter valued at approximately $39,000. Algert Global LLC acquired a new stake in Vera Bradley in the 2nd quarter worth about $51,000. Renaissance Technologies LLC grew its holdings in Vera Bradley by 7.0% in the first quarter. Renaissance Technologies LLC now owns 221,716 shares of the textile maker's stock valued at $701,000 after purchasing an additional 14,500 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Vera Bradley during the 2nd quarter valued at $158,000. Finally, GSA Capital Partners LLP purchased a new stake in Vera Bradley during the second quarter valued at about $232,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
VRA has been the subject of several research analyst reports. Zacks Research raised Vera Bradley from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Vera Bradley in a report on Friday, September 11th. Finally, Wall Street Zen upgraded shares of Vera Bradley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Research Report on Vera Bradley
Vera Bradley Company Profile
(
Get Free Report)
Vera Bradley, Inc is a lifestyle company that designs and markets handbags, travel items, accessories, gifts and related products. Its namesake Vera Bradley brand is known for colorful, patterned products, including bags, wallets, apparel, home goods and other accessories.
The company also operates the Pura Vida brand, which offers jewelry, bracelets and lifestyle accessories. Pura Vida products are sold through the brand's digital channels, retail locations and wholesale partners, while Vera Bradley products are distributed through the company's website, branded stores, outlet stores and third-party retailers.
Vera Bradley was founded in 1982 by Barbara Baekgaard and Patricia Miller and is headquartered in Fort Wayne, Indiana.
Further Reading
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