Legal & General Group Plc decreased its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,167 shares of the textile maker’s stock after selling 1,772 shares during the period. Legal & General Group Plc owned about 0.09% of Vera Bradley worth $299,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. State of Tennessee Treasury Department raised its stake in Vera Bradley by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 20,016 shares of the textile maker’s stock valued at $186,000 after buying an additional 3,021 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Vera Bradley by 4.6% in the first quarter. Parametric Portfolio Associates LLC now owns 82,002 shares of the textile maker’s stock valued at $763,000 after buying an additional 3,599 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Vera Bradley by 3.3% in the first quarter. Ameriprise Financial Inc. now owns 100,450 shares of the textile maker’s stock valued at $935,000 after buying an additional 3,165 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Vera Bradley during the first quarter valued at approximately $243,000. Finally, Comerica Bank raised its stake in Vera Bradley by 1.6% in the first quarter. Comerica Bank now owns 21,265 shares of the textile maker’s stock valued at $197,000 after buying an additional 335 shares during the last quarter. 58.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vera Bradley, Inc. (VRA) traded down 1.18% on Wednesday, reaching $10.09. 108,295 shares of the company’s stock traded hands. The company has a market cap of $364.79 million, a PE ratio of 27.72 and a beta of 0.87. Vera Bradley, Inc. has a 12-month low of $7.70 and a 12-month high of $17.20. The stock has a 50-day moving average price of $9.44 and a 200-day moving average price of $9.49.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The business had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $96.62 million. During the same period last year, the business earned $0.06 EPS. The company’s revenue was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Vera Bradley, Inc. will post $0.44 EPS for the current fiscal year.
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Several research firms recently commented on VRA. Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $10.00 price objective on shares of Vera Bradley in a research note on Friday, July 14th. Finally, FBR & Co reissued an “outperform” rating and set a $12.00 price objective on shares of Vera Bradley in a research note on Tuesday, July 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vera Bradley has a consensus rating of “Hold” and a consensus price target of $11.83.
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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