Peapod Lane Capital LLC Sells 64,864 Shares of Vera Bradley, Inc. $VRA

Peapod Lane Capital LLC reduced its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 805,292 shares of the textile maker’s stock after selling 64,864 shares during the period. Vera Bradley accounts for approximately 1.8% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Peapod Lane Capital LLC owned approximately 2.88% of Vera Bradley worth $1,780,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in Vera Bradley during the 1st quarter worth $29,000. Fortis Capital Advisors LLC bought a new position in Vera Bradley during the 1st quarter worth $29,000. Sapient Capital LLC bought a new position in Vera Bradley during the 2nd quarter worth $33,000. Williams & Novak LLC raised its position in Vera Bradley by 48.3% during the 2nd 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 during the last quarter. Finally, Nuveen LLC bought a new position in Vera Bradley during the 1st quarter worth $110,000. 59.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRA has been the subject of several analyst reports. Small Cap Consu raised Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vera Bradley in a research report on Friday. Zacks Research raised Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised Vera Bradley from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Vera Bradley Stock Performance

Shares of Vera Bradley stock opened at $2.24 on Friday. The firm has a market capitalization of $62.59 million, a price-to-earnings ratio of -0.64 and a beta of 1.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. Vera Bradley, Inc. has a one year low of $1.71 and a one year high of $5.99. The business has a 50-day simple moving average of $2.10 and a 200 day simple moving average of $2.10.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Thursday, September 11th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $70.86 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.13 EPS. On average, research analysts anticipate that Vera Bradley, Inc. will post -0.25 earnings per share for the current fiscal year.

Vera Bradley 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 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.