Marquette Asset Management LLC Makes New $173,000 Investment in Vera Bradley, Inc. (NASDAQ:VRA)

Marquette Asset Management LLC purchased a new position in shares of Vera Bradley, Inc. (NASDAQ:VRAGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,815 shares of the textile maker’s stock, valued at approximately $173,000. Marquette Asset Management LLC owned about 0.13% of Vera Bradley at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. purchased a new position in shares of Vera Bradley during the 1st quarter worth about $80,000. Engineers Gate Manager LP lifted its holdings in shares of Vera Bradley by 48.3% during the 1st quarter. Engineers Gate Manager LP now owns 18,369 shares of the textile maker’s stock worth $141,000 after acquiring an additional 5,985 shares during the period. Citigroup Inc. lifted its holdings in shares of Vera Bradley by 11.4% during the 1st quarter. Citigroup Inc. now owns 21,227 shares of the textile maker’s stock worth $163,000 after acquiring an additional 2,170 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Vera Bradley by 13.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,809 shares of the textile maker’s stock worth $167,000 after acquiring an additional 2,524 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Vera Bradley during the 4th quarter worth about $205,000. 64.77% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Stock Down 3.5 %

Shares of VRA traded down $0.11 during mid-day trading on Friday, reaching $3.04. 269,201 shares of the stock traded hands, compared to its average volume of 398,299. The firm has a market cap of $94.54 million, a price-to-earnings ratio of -3.75 and a beta of 1.79. The stock has a fifty day simple moving average of $4.10 and a 200 day simple moving average of $5.49. Vera Bradley, Inc. has a 12-month low of $3.02 and a 12-month high of $11.13.

Vera Bradley (NASDAQ:VRAGet Rating) last posted its quarterly earnings data on Wednesday, August 31st. The textile maker reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The firm had revenue of $130.40 million for the quarter, compared to analysts’ expectations of $132.51 million. Vera Bradley had a negative net margin of 5.03% and a positive return on equity of 2.64%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. On average, equities research analysts expect that Vera Bradley, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on VRA. StockNews.com lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Noble Financial began coverage on shares of Vera Bradley in a report on Thursday, June 16th. They issued an “outperform” rating and a $8.00 price target on the stock. TheStreet lowered shares of Vera Bradley from a “c” rating to a “d+” rating in a report on Tuesday, June 21st. Telsey Advisory Group cut their price target on shares of Vera Bradley from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, June 9th. Finally, Cowen cut their price target on shares of Vera Bradley to $4.50 in a report on Tuesday, September 6th.

Vera Bradley Company Profile

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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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

Further Reading

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

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