Vera Bradley, Inc. (VRA): Michael C. Ray , 10% owner of Vera Bradley, Inc. sold 100,000 shares on Mar 22, 2016. The Insider selling transaction was disclosed on Mar 24, 2016 to the Securities and Exchange Commission. The shares were sold at $19.18 per share for a total value of $1,918,500.00.
Company has been under the radar of several Street Analysts.Vera Bradley is Upgraded by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $15 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 24, 2016.Vera Bradley is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 21 from a previous price target of $17 .The Rating was issued on Mar 10, 2016.Vera Bradley is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 2, 2016.Vera Bradley is Upgraded by Standpoint Research to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jan 15, 2016.
Currently the company Insiders own 42.7% of Vera Bradley shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -5.52%.Institutional Investors own 58.21% of Vera Bradley shares.During last six month period, the net percent change held by insiders has seen a change of -14.09%.
Vera Bradley: On Monday, Mar 21, 2016 heightened volatility was witnessed in Vera Bradley which led to swings in the share price. The shares opened for trading at $19.68 and hit $20.28 on the upside , eventually ending the session at $20.18, with a gain of 2.02% or 0.4 points. The heightened volatility saw the trading volume jump to 4,89,177 shares. The 52-week high of the share price is $20.28 and the company has a market cap of $766 M . The 52-week low of the share price is at $9.21.
Vera Bradley Inc. is a designer of women’s handbags accessories luggage and travel items eyewear and stationery and gifts. The Company sells its products through two business segments: Direct and Indirect. The Direct business consists of sales of Vera Bradley products through the Company’s full-line and factory outlet stores in the United States verabradley.com direct-to-consumer eBay sales and the Company’s annual outlet sale in Fort Wayne Indiana. The Indirect business consists of sales of Vera Bradley products to approximately 2700 specialty retail locations substantially all of which are located in the United States as well as department stores national accounts third party e-commerce sites the Company’s wholesale business in Japan and third-party inventory liquidation.