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 directly owned 12,500 shares in the company, valued at approximately $62,750. The trade was a 400.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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 purchased at an average cost of $4.00 per share, for a total transaction of $10,000.00.
Vera Bradley Stock Performance
NASDAQ VRA traded down $0.10 during trading on Wednesday, hitting $4.98. The stock had a trading volume of 173,606 shares, compared to its average volume of 384,212. Vera Bradley, Inc. has a one year low of $1.39 and a one year high of $5.22. The stock has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $3.66. The stock has a market capitalization of $142.88 million, a price-to-earnings ratio of -13.46 and a beta of 1.50.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP bought a new stake in shares of Vera Bradley in the 2nd quarter worth approximately $39,000. Squarepoint Ops LLC acquired a new position in Vera Bradley during the 2nd quarter worth $327,000. Empowered Funds LLC bought a new position in shares of Vera Bradley in the second quarter worth $335,000. Impala Asset Management LLC acquired a new position in shares of Vera Bradley during the second quarter valued at $486,000. Finally, Algert Global LLC acquired a new position in shares of Vera Bradley during the second quarter valued at $51,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have weighed in on VRA shares. Wall Street Zen upgraded Vera Bradley from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Zacks Research upgraded shares of Vera Bradley from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vera Bradley currently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Vera Bradley
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.
Featured Stories
- Five stocks we like better than Vera Bradley
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.
