Arizona State Retirement System lessened its holdings in Vera Bradley, Inc. (NASDAQ:VRA) by 43.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,639 shares of the textile maker’s stock after selling 12,087 shares during the quarter. Arizona State Retirement System’s holdings in Vera Bradley were worth $185,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Meeder Asset Management Inc. grew its holdings in Vera Bradley by 871.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,546 shares of the textile maker’s stock worth $75,000 after buying an additional 6,769 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Vera Bradley during the first quarter worth $100,000. Mason Street Advisors LLC raised its position in shares of Vera Bradley by 14.8% during the third quarter. Mason Street Advisors LLC now owns 8,016 shares of the textile maker’s stock worth $81,000 after purchasing an additional 1,033 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of Vera Bradley during the third quarter valued at $111,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Vera Bradley by 59.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,072 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 5,630 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.
Shares of Vera Bradley stock opened at $9.64 on Friday. The stock has a market cap of $324.31 million, a PE ratio of 27.54 and a beta of 0.86. The business has a fifty day simple moving average of $10.72 and a 200-day simple moving average of $10.72. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. Vera Bradley, Inc. has a 12 month low of $8.41 and a 12 month high of $14.51.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, December 11th. The textile maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Vera Bradley had a return on equity of 7.46% and a net margin of 2.67%. The firm had revenue of $127.50 million for the quarter, compared to analyst estimates of $124.48 million. During the same period in the previous year, the firm earned $0.12 earnings per share. Vera Bradley’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts expect that Vera Bradley, Inc. will post 0.92 EPS for the current fiscal year.
A number of equities analysts recently weighed in on VRA shares. BidaskClub cut Vera Bradley from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 5th. Zacks Investment Research lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. ValuEngine cut shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, December 13th. Finally, Cowen upgraded shares of Vera Bradley from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $14.00 in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.00.
In other Vera Bradley news, major shareholder Thomas Farrell Byrne II sold 35,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $10.73, for a total value of $375,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward M. Schmults sold 10,280 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.15, for a total value of $114,622.00. Following the completion of the sale, the director now owns 30,676 shares in the company, valued at $342,037.40. The disclosure for this sale can be found here. Insiders own 27.30% of the company’s stock.
Vera Bradley Company Profile
Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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