Andrew Meslow Acquires 50,000 Shares of Vera Bradley (NASDAQ:VRA) Stock

Vera Bradley, Inc. (NASDAQ:VRA) Director Andrew Meslow bought 50,000 shares of the stock in a transaction dated Monday, December 15th. The shares were bought at an average price of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the acquisition, the director owned 600,000 shares in the company, valued at approximately $1,158,000. The trade was a 9.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, December 12th, Andrew Meslow acquired 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 Performance

NASDAQ VRA opened at $2.17 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 2.52. The stock’s fifty day moving average is $2.36 and its two-hundred day moving average is $2.21. The firm has a market capitalization of $60.65 million, a P/E ratio of -0.62 and a beta of 1.75. Vera Bradley, Inc. has a fifty-two week low of $1.39 and a fifty-two week high of $4.09.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Institutional Trading of Vera Bradley

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Vera Bradley during the first quarter worth $110,000. Empowered Funds LLC lifted its stake in 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 acquiring an additional 12,021 shares in the last quarter. Jane Street Group LLC boosted its holdings in Vera Bradley by 149.9% during the 1st quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 34,212 shares during the period. Fortis Capital Advisors LLC acquired a new position in Vera Bradley in the 1st quarter valued at about $29,000. Finally, Belpointe Asset Management LLC purchased a new stake in Vera Bradley during the first quarter worth about $29,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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 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.