Teachers Advisors LLC Acquires 161 Shares of Vera Bradley, Inc. (VRA)
Teachers Advisors LLC grew its holdings in Vera Bradley, Inc. (NASDAQ:VRA) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,670 shares of the textile maker’s stock after purchasing an additional 161 shares during the quarter. Teachers Advisors LLC owned approximately 0.10% of Vera Bradley worth $359,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Teton Advisors Inc. bought a new position in shares of Vera Bradley during the 2nd quarter worth approximately $102,000. LMR Partners LLP bought a new position in shares of Vera Bradley during the 2nd quarter worth approximately $115,000. Wells Fargo & Company MN raised its stake in shares of Vera Bradley by 3.4% during the 1st 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 in the last quarter. Texas Permanent School Fund raised its stake in shares of Vera Bradley by 1.2% during the 2nd 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Vera Bradley by 14.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,147 shares of the textile maker’s stock worth $141,000 after acquiring an additional 1,943 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.
Shares of Vera Bradley, Inc. (NASDAQ:VRA) opened at $7.49 on Thursday. The company has a market cap of $272.24, a price-to-earnings ratio of 14.48, a PEG ratio of 1.61 and a beta of 1.01. Vera Bradley, Inc. has a twelve month low of $6.99 and a twelve month high of $15.86.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $112.42 million for the quarter, compared to the consensus estimate of $111.72 million. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. analysts predict that Vera Bradley, Inc. will post 0.47 EPS for the current year.
A number of research analysts have issued reports on VRA shares. BidaskClub upgraded shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. B. Riley restated a “buy” rating on shares of Vera Bradley in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, November 1st. Jefferies Group LLC restated a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a research note on Thursday, October 12th. Finally, FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the company a “buy” rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.33.
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In other news, EVP Kimberly F. Colby sold 170,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $8.47, for a total value of $1,439,900.00. Following the sale, the executive vice president now directly owns 21,655 shares of the company’s stock, valued at approximately $183,417.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Michael C. Ray sold 237,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total transaction of $1,954,625.00. Following the completion of the sale, the insider now directly owns 120,712 shares in the company, valued at $993,459.76. The disclosure for this sale can be found here. 39.60% of the stock is owned by corporate insiders.
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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