Vera Bradley (NASDAQ:VRA) Stock: Insider Ivan Brockman Buys 10,000 Shares

Vera Bradley, Inc. (NASDAQ:VRA) Director Ivan Brockman bought 10,000 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were bought at an average cost of $5.02 per share, with a total value of $50,200.00. Following the purchase, the director directly owned 12,500 shares of the company’s stock, valued at approximately $62,750. This represents a 400.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ivan Brockman also recently made the following trade(s):

• On Friday, September 25th, Ivan Brockman purchased 2,500 shares of Vera Bradley stock. The stock was bought at an average cost of $4.00 per share, for a total transaction of $10,000.00.

Vera Bradley Trading Up 2.0%

VRA stock opened at $5.08 on Friday. Vera Bradley, Inc. has a 12-month low of $1.39 and a 12-month high of $5.32. The stock has a market cap of $145.75 million, a price-to-earnings ratio of -13.73 and a beta of 1.50. The business’s 50-day moving average is $3.71 and its 200 day moving average is $3.68.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Tuesday, September 15th. The textile maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.19. The business had revenue of $71.65 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned ($0.17) earnings per share. As a group, equities analysts forecast that Vera Bradley, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Vera Bradley

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its position 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 buying an additional 249,161 shares in the last quarter. BlackRock Inc. purchased a new stake in Vera Bradley in the 2nd quarter valued at $1,686,000. Impala Asset Management LLC acquired a new stake in shares of Vera Bradley in the 4th quarter worth $976,000. Saba Capital Management L.P. acquired a new stake in shares of Vera Bradley in the 1st quarter worth $916,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Vera Bradley by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 221,716 shares of the textile maker’s stock worth $701,000 after acquiring an additional 14,500 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analysts Set New Price Targets

VRA has been the topic of a number of research reports. Zacks Research upgraded Vera Bradley from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research report on Friday, September 11th. Finally, Wall Street Zen raised shares of Vera Bradley from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Vera Bradley Company Profile

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.