Rhumbline Advisers Has $393,000 Holdings in Vera Bradley, Inc. (VRA)
Rhumbline Advisers grew its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,155 shares of the textile maker’s stock after buying an additional 990 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Vera Bradley worth $393,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Board of Administration of Florida Retirement System increased its position in 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. Texas Permanent School Fund boosted its stake in shares of Vera Bradley by 1.2% in the second quarter. Texas Permanent School Fund now owns 13,789 shares of the textile maker’s stock worth $135,000 after acquiring an additional 157 shares during the period. 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 acquiring an additional 335 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Vera Bradley by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 79,630 shares of the textile maker’s stock worth $779,000 after acquiring an additional 418 shares during the period. Finally, 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 acquiring an additional 444 shares during the period. Institutional investors and hedge funds own 60.60% of the company’s stock.
VRA has been the subject of a number of recent analyst reports. FBR & Co set a $12.00 price objective on Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Vera Bradley in a research note on Friday, July 14th. Finally, Zacks Investment Research raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Vera Bradley has an average rating of “Hold” and an average price target of $10.60.
Vera Bradley, Inc. (NASDAQ:VRA) opened at 8.45 on Friday. The stock has a 50 day moving average price of $8.83 and a 200-day moving average price of $9.02. Vera Bradley, Inc. has a 1-year low of $7.70 and a 1-year high of $15.86. The company has a market cap of $303.90 million, a price-to-earnings ratio of 29.86 and a beta of 0.86.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Vera Bradley had a return on equity of 6.64% and a net margin of 2.21%. The firm had revenue of $112.42 million during the quarter, compared to analyst estimates of $111.72 million. During the same quarter in the previous year, the business earned $0.17 EPS. Vera Bradley’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Vera Bradley, Inc. will post $0.47 EPS for the current year.
In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the sale, the executive vice president now directly owns 21,655 shares in the company, valued at approximately $183,417.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Michael C. Ray sold 237,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $8.23, for a total value of $1,954,625.00. Following the sale, the insider now owns 120,712 shares of the company’s stock, valued at $993,459.76. The disclosure for this sale can be found here. 39.60% of the stock is owned by insiders.
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Vera Bradley Company Profile
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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