Klingman & Associates LLC Makes New $119,000 Investment in Vera Bradley, Inc. $VRA

Klingman & Associates LLC bought a new position in Vera Bradley, Inc. (NASDAQ:VRA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 53,722 shares of the textile maker’s stock, valued at approximately $119,000.

A number of other large investors have also added to or reduced their stakes in the company. Williams & Novak LLC raised its holdings in Vera Bradley by 48.3% in the second quarter. Williams & Novak LLC now owns 20,170 shares of the textile maker’s stock worth $45,000 after purchasing an additional 6,565 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Vera Bradley by 5.7% in the second quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock worth $305,000 after purchasing an additional 7,478 shares in the last quarter. Sapient Capital LLC bought a new position in Vera Bradley in the second quarter worth about $33,000. Belpointe Asset Management LLC bought a new position in Vera Bradley in the first quarter worth about $29,000. Finally, Fortis Capital Advisors LLC bought a new position in Vera Bradley in the first quarter worth about $29,000. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Price Performance

Shares of NASDAQ VRA opened at $2.26 on Wednesday. The business’s 50 day moving average price is $2.08 and its 200 day moving average price is $2.09. The firm has a market cap of $63.14 million, a P/E ratio of -0.64 and a beta of 1.85. Vera Bradley, Inc. has a 52 week low of $1.71 and a 52 week high of $5.99. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 0.07.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Thursday, September 11th. The textile maker reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $70.86 million for the quarter, compared to analyst estimates of $78.52 million. Vera Bradley had a negative return on equity of 15.27% and a negative net margin of 32.31%.During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, sell-side analysts expect that Vera Bradley, Inc. will post -0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VRA. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Small Cap Consu upgraded Vera Bradley to a “hold” rating in a research note on Monday, August 18th. Wall Street Zen upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vera Bradley presently has an average rating of “Reduce”.

About Vera Bradley

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 ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.