Principal Financial Group Inc. lowered its position in Vera Bradley, Inc. (NASDAQ:VRA) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,120 shares of the textile maker’s stock after selling 281 shares during the period. Principal Financial Group Inc. owned 0.40% of Vera Bradley worth $1,332,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new stake in Vera Bradley during the first quarter valued at $101,000. Wells Fargo & Company MN increased its stake in Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock valued at $125,000 after buying an additional 444 shares during the period. SG Americas Securities LLC bought a new stake in Vera Bradley during the first quarter valued at $133,000. New York State Teachers Retirement System increased its stake in Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the textile maker’s stock valued at $143,000 after buying an additional 100 shares during the period. Finally, Schroder Investment Management Group bought a new stake in Vera Bradley during the first quarter valued at $143,000. Institutional investors and hedge funds own 56.87% of the company’s stock.
Shares of Vera Bradley, Inc. (VRA) traded down 0.75% during trading on Friday, reaching $9.24. 264,203 shares of the company’s stock traded hands. The company has a market capitalization of $334.06 million, a price-to-earnings ratio of 25.38 and a beta of 0.87. The stock has a 50-day moving average of $9.74 and a 200-day moving average of $9.35. Vera Bradley, Inc. has a 1-year low of $7.70 and a 1-year high of $17.20.
Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $96.62 million. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts predict that Vera Bradley, Inc. will post $0.44 EPS for the current fiscal year.
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VRA has been the subject of several research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $10.00 target price on shares of Vera Bradley in a report on Friday, July 14th. Zacks Investment Research downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Finally, FBR & Co reiterated an “outperform” rating and issued a $12.00 target price on shares of Vera Bradley in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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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