Airain ltd acquired a new position in Vera Bradley, Inc. (NASDAQ:VRA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,204 shares of the textile maker’s stock, valued at approximately $207,000. Airain ltd owned 0.06% of Vera Bradley at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Vera Bradley by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,793 shares of the textile maker’s stock worth $184,000 after buying an additional 50 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock worth $143,000 after buying an additional 100 shares in the last quarter. Comerica Bank boosted its stake in shares of Vera Bradley by 1.6% in the first quarter. Comerica Bank now owns 21,265 shares of the textile maker’s stock worth $197,000 after buying an additional 335 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock worth $125,000 after buying an additional 444 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Vera Bradley by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 171,450 shares of the textile maker’s stock worth $2,010,000 after buying an additional 670 shares in the last quarter. 55.55% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Vera Bradley (NASDAQ:VRA)

Vera Bradley, Inc. (VRA) opened at 8.88 on Monday. Vera Bradley, Inc. has a 1-year low of $7.70 and a 1-year high of $17.20. The firm’s 50 day moving average price is $8.73 and its 200-day moving average price is $10.67. The stock has a market cap of $321.28 million, a price-to-earnings ratio of 16.75 and a beta of 0.96.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $96.62 million. Vera Bradley had a net margin of 6.34% and a return on equity of 11.15%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that Vera Bradley, Inc. will post $0.44 earnings per share for the current year.

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A number of brokerages have commented on VRA. Jefferies Group LLC set a $10.00 price target on Vera Bradley and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target (down previously from $14.00) on shares of Vera Bradley in a research report on Thursday, March 9th. Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Wunderlich reaffirmed a “buy” rating and set a $11.00 price target on shares of Vera Bradley in a research report on Saturday, March 25th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $9.00 price target (down previously from $14.00) on shares of Vera Bradley in a research report on Saturday, March 11th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Vera Bradley has a consensus rating of “Hold” and an average price target of $11.80.

In related news, major shareholder Michael C. Ray sold 20,000 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $9.23, for a total transaction of $184,600.00. Following the completion of the transaction, the insider now directly owns 191,962 shares of the company’s stock, valued at $1,771,809.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Michael C. Ray sold 30,000 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $9.14, for a total transaction of $274,200.00. Following the transaction, the insider now directly owns 243,362 shares of the company’s stock, valued at $2,224,328.68. The disclosure for this sale can be found here. Insiders have sold 190,410 shares of company stock valued at $1,752,002 over the last three months. 40.90% of the stock is currently owned by corporate insiders.

About Vera Bradley

Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

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