State Street Corp increased its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,415 shares of the textile maker’s stock after buying an additional 14,529 shares during the period. State Street Corp owned 1.24% of Vera Bradley worth $4,390,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Vera Bradley by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after purchasing an additional 413,983 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Vera Bradley by 12.6% during the first quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock valued at $16,215,000 after purchasing an additional 194,971 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Vera Bradley by 61.6% during the second quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock valued at $4,264,000 after purchasing an additional 166,116 shares in the last quarter. FMR LLC increased its stake in shares of Vera Bradley by 14.9% during the second quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock valued at $9,438,000 after purchasing an additional 125,051 shares in the last quarter. Finally, Columbia Partners L L C Investment Management bought a new position in shares of Vera Bradley during the second quarter valued at approximately $985,000. 61.87% of the stock is owned by institutional investors.
In related news, EVP Kimberly F. Colby sold 170,000 shares of the firm’s stock in a transaction that occurred 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 owns 21,655 shares in the company, valued at $183,417.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 39.60% of the company’s stock.
Shares of Vera Bradley, Inc. (NASDAQ:VRA) opened at $11.03 on Thursday. The firm has a market cap of $312.37, a P/E ratio of 16.61, a P/E/G ratio of 1.85 and a beta of 1.10. Vera Bradley, Inc. has a 1 year low of $6.99 and a 1 year high of $14.08.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The company had revenue of $114.10 million during the quarter, compared to the consensus estimate of $114.55 million. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. equities analysts anticipate that Vera Bradley, Inc. will post 0.47 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the company a “buy” rating in a research report on Monday, August 28th. KeyCorp reissued a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. Jefferies Group reissued a “hold” rating and set a $11.00 price target on shares of Vera Bradley in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.83.
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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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