Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 64.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,623 shares of the textile maker’s stock after purchasing an additional 185,437 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 1.39% of Vera Bradley worth $4,773,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in VRA. 361 Capital LLC acquired a new position in Vera Bradley in the 2nd quarter valued at about $2,805,000. Ancora Advisors LLC boosted its holdings in Vera Bradley by 58.8% in the 2nd quarter. Ancora Advisors LLC now owns 509,151 shares of the textile maker’s stock valued at $6,110,000 after purchasing an additional 188,477 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Vera Bradley in the 2nd quarter valued at about $2,015,000. JPMorgan Chase & Co. boosted its holdings in Vera Bradley by 497.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 177,019 shares of the textile maker’s stock valued at $2,021,000 after purchasing an additional 147,369 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Vera Bradley in the 1st quarter valued at about $1,893,000. 66.92% of the stock is owned by institutional investors.
Several equities analysts have weighed in on VRA shares. ValuEngine upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Telsey Advisory Group decreased their target price on shares of Vera Bradley from $13.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, September 5th. Zacks Investment Research reiterated a “buy” rating and issued a $12.00 target price on shares of Vera Bradley in a report on Saturday, June 15th. Finally, BidaskClub upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $11.00.
In other Vera Bradley news, CTO Bradley Baekgaard Fami Barbara sold 16,674 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $24.56, for a total transaction of $409,513.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Hall sold 66,500 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $11.10, for a total transaction of $738,150.00. Following the sale, the insider now owns 78,093 shares in the company, valued at $866,832.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,731 shares of company stock worth $2,142,155. Company insiders own 27.30% of the company’s stock.
NASDAQ:VRA opened at $10.40 on Friday. The company’s 50-day moving average is $9.92 and its two-hundred day moving average is $11.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 0.91. Vera Bradley, Inc. has a 1-year low of $7.94 and a 1-year high of $14.51. The firm has a market capitalization of $358.41 million, a price-to-earnings ratio of 17.63 and a beta of 0.86.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, September 4th. The textile maker reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Vera Bradley had a return on equity of 6.55% and a net margin of 3.82%. The company had revenue of $119.79 million during the quarter, compared to analyst estimates of $117.35 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Vera Bradley, Inc. will post 0.89 earnings per share for the current fiscal year.
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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