Dimensional Fund Advisors LP Raises Stake in Vera Bradley, Inc. (VRA)
Dimensional Fund Advisors LP raised its position in Vera Bradley, Inc. (NASDAQ:VRA) by 17.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,812,721 shares of the textile maker’s stock after buying an additional 272,520 shares during the period. Dimensional Fund Advisors LP owned about 5.01% of Vera Bradley worth $16,876,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP increased its position in Vera Bradley by 69.6% in the first quarter. Trexquant Investment LP now owns 108,086 shares of the textile maker’s stock worth $1,006,000 after buying an additional 44,365 shares in the last quarter. State of Tennessee Treasury Department increased its position in Vera Bradley by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 20,016 shares of the textile maker’s stock worth $186,000 after buying an additional 3,021 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Vera Bradley by 4.6% in the first quarter. Parametric Portfolio Associates LLC now owns 82,002 shares of the textile maker’s stock worth $763,000 after buying an additional 3,599 shares in the last quarter. Ameriprise Financial Inc. increased its position in Vera Bradley by 3.3% in the first quarter. Ameriprise Financial Inc. now owns 100,450 shares of the textile maker’s stock worth $935,000 after buying an additional 3,165 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Vera Bradley during the first quarter worth approximately $243,000. 56.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Vera Bradley, Inc. (VRA) traded down 0.649% during trading on Monday, hitting $9.955. 31,806 shares of the stock traded hands. The company has a market cap of $359.91 million, a price-to-earnings ratio of 27.349 and a beta of 0.87. Vera Bradley, Inc. has a 52 week low of $7.70 and a 52 week high of $17.20. The firm’s 50-day moving average price is $9.65 and its 200-day moving average price is $9.43.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data 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. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The firm had revenue of $96.10 million during the quarter, compared to analyst estimates of $96.62 million. During the same period in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Vera Bradley, Inc. will post $0.44 earnings per share for the current year.
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A number of research firms have commented on VRA. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Vera Bradley in a report on Friday, July 14th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Vera Bradley in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.83.
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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