BlackRock Inc. purchased a new position in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 433,299 shares of the textile maker's stock, valued at approximately $1,686,000. BlackRock Inc. owned about 1.52% of Vera Bradley as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of VRA. Nomura Holdings Inc. raised its position in shares of Vera Bradley by 15.2% in the third quarter. Nomura Holdings Inc. now owns 1,846,432 shares of the textile maker's stock valued at $3,711,000 after purchasing an additional 243,900 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vera Bradley by 31.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,807 shares of the textile maker's stock worth $3,283,000 after buying an additional 249,161 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Vera Bradley by 133.2% during the 4th quarter. Marshall Wace LLP now owns 467,127 shares of the textile maker's stock worth $1,130,000 after buying an additional 266,785 shares during the period. Impala Asset Management LLC acquired a new position in Vera Bradley in the 4th quarter valued at $976,000. Finally, Bridgeway Capital Management LLC grew its stake in Vera Bradley by 19.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 340,083 shares of the textile maker's stock valued at $823,000 after buying an additional 55,120 shares during the last quarter. Institutional investors own 59.88% of the company's stock.
Wall Street Analysts Forecast Growth
VRA has been the topic of a number of recent analyst reports. Wall Street Zen lowered Vera Bradley from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Vera Bradley in a research note on Monday, June 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vera Bradley has a consensus rating of "Reduce".
Check Out Our Latest Report on Vera Bradley
Insider Buying and Selling
In other Vera Bradley news, Director Andrew Meslow purchased 24,926 shares of the firm's stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $3.73 per share, for a total transaction of $92,973.98. Following the completion of the purchase, the director directly owned 650,000 shares of the company's stock, valued at approximately $2,424,500. This represents a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.30% of the stock is currently owned by company insiders.
Vera Bradley Price Performance
Shares of VRA opened at $3.35 on Monday. The stock's 50-day moving average price is $3.54 and its 200 day moving average price is $3.47. The firm has a market capitalization of $95.27 million, a price-to-earnings ratio of -4.86 and a beta of 1.59. Vera Bradley, Inc. has a 12-month low of $1.39 and a 12-month high of $4.39.
Vera Bradley (NASDAQ:VRA - Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The textile maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.24. The company had revenue of $55.70 million for the quarter, compared to analyst estimates of $49.12 million. Vera Bradley had a negative return on equity of 6.66% and a negative net margin of 7.02%. Equities research analysts expect that Vera Bradley, Inc. will post -0.28 EPS for the current year.
Vera Bradley Company Profile
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Free Report)
Vera Bradley, Inc NASDAQ: VRA is a lifestyle and accessories designer specializing in colorful, patterned handbags, luggage, travel accessories and coordinated home décor. Founded in 1982 by Barbara Bradley Baekgaard and Patricia R. Miller, the company first gained recognition for its quilted cotton bags sold at craft shows before expanding into an established fashion brand. Headquartered in Fort Wayne, Indiana, Vera Bradley has built a reputation for distinctive prints and functional design aimed primarily at women's casual and travel needs.
The company's product portfolio includes day bags, weekenders, backpacks, wallets, and organizational cases, as well as an expanding range of travel gear such as rolling luggage and travel pouches.
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