Vera Bradley, Inc. (VRA) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,349 shares of the textile maker’s stock after purchasing an additional 11,289 shares during the period. Jennison Associates LLC’s holdings in Vera Bradley were worth $881,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC grew its position in shares of Vera Bradley by 29.4% during the second quarter. Voya Investment Management LLC now owns 13,261 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 3,014 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Vera Bradley by 11.6% during the second quarter. Wells Fargo & Company MN now owns 14,964 shares of the textile maker’s stock valued at $147,000 after purchasing an additional 1,556 shares in the last quarter. Hartford Investment Management Co. purchased a new position in shares of Vera Bradley during the third quarter valued at about $141,000. Fox Run Management L.L.C. purchased a new position in shares of Vera Bradley during the fourth quarter valued at about $237,000. Finally, Unison Advisors LLC purchased a new position in shares of Vera Bradley during the fourth quarter valued at about $310,000. Hedge funds and other institutional investors own 63.03% of the company’s stock.

In other Vera Bradley news, major shareholder Thomas Farrell Byrne II sold 12,292 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $12.33, for a total transaction of $151,560.36. Following the completion of the transaction, the insider now owns 32,605 shares in the company, valued at $402,019.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.60% of the stock is owned by insiders.

Several research firms recently commented on VRA. BidaskClub lowered Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group reiterated a “hold” rating and issued a $11.00 price target on shares of Vera Bradley in a research report on Thursday, October 12th. Zacks Investment Research upgraded 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. B. Riley reiterated a “buy” rating on shares of Vera Bradley in a research report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $12.00 price target on shares of Vera Bradley in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.00.

Vera Bradley, Inc. (NASDAQ:VRA) opened at $9.33 on Monday. Vera Bradley, Inc. has a 12-month low of $6.99 and a 12-month high of $12.83. The stock has a market capitalization of $331.06, a P/E ratio of 186.60, a price-to-earnings-growth ratio of 1.86 and a beta of 0.83.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The business had revenue of $114.10 million during the quarter, compared to analyst estimates of $114.55 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. analysts forecast that Vera Bradley, Inc. will post 0.58 earnings per share for the current fiscal year.

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About Vera Bradley

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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Institutional Ownership by Quarter for Vera Bradley (NASDAQ:VRA)

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