Vanguard Group Inc. Acquires 194,971 Shares of Vera Bradley, Inc. (VRA)
Vanguard Group Inc. raised its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,741,621 shares of the textile maker’s stock after buying an additional 194,971 shares during the period. Vanguard Group Inc. owned about 4.81% of Vera Bradley worth $16,215,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in VRA. O Shaughnessy Asset Management LLC purchased a new position in Vera Bradley during the first quarter valued at approximately $101,000. Koch Industries Inc. purchased a new position in Vera Bradley during the first quarter valued at approximately $112,000. Wells Fargo & Company MN raised its position in Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares in the last quarter. SG Americas Securities LLC purchased a new position in Vera Bradley during the first quarter valued at approximately $133,000. Finally, Schroder Investment Management Group purchased a new position in Vera Bradley during the first quarter valued at approximately $143,000. Hedge funds and other institutional investors own 56.87% of the company’s stock.
Shares of Vera Bradley, Inc. (NASDAQ VRA) traded up 3.29% during trading on Friday, reaching $10.04. 193,132 shares of the company were exchanged. The stock has a 50-day moving average of $9.70 and a 200 day moving average of $9.29. Vera Bradley, Inc. has a 52-week low of $7.70 and a 52-week high of $17.20. The stock has a market capitalization of $362.99 million, a P/E ratio of 27.58 and a beta of 0.87.
Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. The firm had revenue of $96.10 million during the quarter, compared to the consensus estimate of $96.62 million. Vera Bradley had a return on equity of 7.18% and a net margin of 2.79%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, equities analysts anticipate that Vera Bradley, Inc. will post $0.44 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. KeyCorp restated a “hold” rating on shares of Vera Bradley in a research report on Friday. Jefferies Group LLC restated a “hold” rating and set a $10.00 price target on shares of Vera Bradley in a research report on Friday, July 14th. BidaskClub lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, FBR & Co restated an “outperform” rating and set a $12.00 price target on shares of Vera Bradley in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target 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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