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

Key Points

• Director Ivan Brockman bought 10,000 Vera Bradley shares at an average price of $5.02, investing $50,200 and increasing his holdings to 12,500 shares. He also purchased 2,500 shares in late September at $4.00 each.
• Vera Bradley shares traded near $4.98, close to their 12-month high of $5.22, while the company reported quarterly EPS of $0.11 and revenue of $71.65 million, both above analyst expectations.
• Analyst views are mixed, ranging from “sell” to “strong buy,” though MarketBeat lists an overall “Moderate Buy” rating; institutional investors own approximately 59.88% of the stock.

Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report) Director Ivan Brockman bought 10,000 shares of the stock in a transaction dated Tuesday, October 6th. The stock was purchased at an average price of $5.02 per share, with a total value of $50,200.00. Following the acquisition, the director owned 12,500 shares of the company's stock, valued at $62,750. The trade was a 400.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

Vera Bradley Stock Performance

VRA stock traded down $0.10 during mid-day trading on Wednesday, hitting $4.98. The company had a trading volume of 173,606 shares, compared to its average volume of 384,212. The firm has a market cap of $142.88 million, a PE ratio of -13.46 and a beta of 1.50. Vera Bradley, Inc. has a 12 month low of $1.39 and a 12 month high of $5.22. The stock's fifty day moving average price is $3.64 and its two-hundred day moving average price is $3.66.

Vera Bradley (NASDAQ:VRA - Get Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The textile maker reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. The company had revenue of $71.65 million during the quarter, compared to analysts' expectations of $65.95 million. Vera Bradley had a negative net margin of 3.66% and a negative return on equity of 3.80%. During the same quarter in the previous year, the company earned ($0.17) earnings per share. Equities analysts anticipate that Vera Bradley, Inc. will post -0.22 earnings per share for the current year.

Institutional Trading of Vera Bradley

Hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in shares of Vera Bradley in the 2nd quarter worth $39,000. Algert Global LLC bought a new stake in shares of Vera Bradley in the 2nd quarter valued at approximately $51,000. Assenagon Asset Management S.A. purchased a new position in shares of Vera Bradley in the 2nd quarter worth approximately $158,000. GSA Capital Partners LLP bought a new position in shares of Vera Bradley during the 2nd quarter valued at approximately $232,000. Finally, Squarepoint Ops LLC bought a new position in shares of Vera Bradley during the 2nd quarter valued at approximately $327,000. Hedge funds and other institutional investors own 59.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Vera Bradley in a report on Friday, September 11th. Zacks Research upgraded Vera Bradley from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 23rd. Finally, Wall Street Zen raised Vera Bradley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Vera Bradley

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.

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