Vera Bradley, Inc. (VRA): Michael C. Ray , 10% owner of Vera Bradley, Inc. sold 6,800 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 28, 2016 to the Securities and Exchange Commission. The shares were sold at $14.51 per share for a total value of $98,668.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 24, 2016, Michael C. Ray (10% owner) sold 42,300 shares at $14.86 per share price.On Jun 20, 2016, Richard Baum (director) sold 6,500 shares at $14.75 per share price.Also, On Mar 28, 2016, Kimberly F. Colby (EVP – Design) sold 14,134 shares at $19.62 per share price.On Mar 24, 2016, Patricia R. Miller (director 10% owner) sold 500,000 shares at $19.25 per share price.
Shares of Vera Bradley (VRA) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.77 points or -5.34% at $13.66 with 3,66,331 shares getting traded. Post opening the session at $14.26, the shares hit an intraday low of $13.55 and an intraday high of $14.53 and the price vacillated in this range throughout the day. The company has a market cap of $505 M and the number of outstanding shares has been calculated to be 3,70,04,561 shares. The 52-week high of Vera Bradley is $20.69 and the 52-week low is $9.21.
Company has been under the radar of several Street Analysts.Vera Bradley is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 19 from a previous price target of $21 . The Rating was issued on Jun 2, 2016.
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.