Vera Bradley, Inc. (NASDAQ:VRA) Shares Bought by Peapod Lane Capital LLC

Peapod Lane Capital LLC raised its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 87.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 870,156 shares of the textile maker's stock after buying an additional 406,333 shares during the period. Vera Bradley comprises 2.2% of Peapod Lane Capital LLC's investment portfolio, making the stock its 18th largest position. Peapod Lane Capital LLC owned 3.14% of Vera Bradley worth $1,958,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VRA. Fund 1 Investments LLC boosted its holdings in Vera Bradley by 6.4% in the 4th quarter. Fund 1 Investments LLC now owns 2,783,155 shares of the textile maker's stock worth $10,938,000 after acquiring an additional 168,000 shares during the period. Royce & Associates LP lifted its position in shares of Vera Bradley by 18.9% during the fourth quarter. Royce & Associates LP now owns 1,893,687 shares of the textile maker's stock worth $7,442,000 after purchasing an additional 301,522 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of Vera Bradley in the fourth quarter valued at $3,957,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vera Bradley by 11.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 721,260 shares of the textile maker's stock valued at $2,835,000 after purchasing an additional 73,277 shares during the period. Finally, American Century Companies Inc. grew its holdings in Vera Bradley by 9.1% during the 4th quarter. American Century Companies Inc. now owns 523,941 shares of the textile maker's stock valued at $2,059,000 after purchasing an additional 43,482 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vera Bradley

In other news, Director Andrew Meslow acquired 253,094 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $1.88 per share, with a total value of $475,816.72. Following the completion of the acquisition, the director directly owned 300,000 shares in the company, valued at $564,000. This represents a 539.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.50% of the company's stock.

Vera Bradley Trading Down 3.7%

VRA stock traded down $0.09 during trading on Friday, reaching $2.34. The stock had a trading volume of 147,005 shares, compared to its average volume of 337,832. Vera Bradley, Inc. has a 1-year low of $1.71 and a 1-year high of $6.99. The company has a market capitalization of $65.36 million, a P/E ratio of -0.74 and a beta of 1.78. The firm has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.66.

Vera Bradley (NASDAQ:VRA - Get Free Report) last announced its earnings results on Wednesday, June 11th. The textile maker reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.23). The business had revenue of $51.65 million for the quarter, compared to analysts' expectations of $53.48 million. Vera Bradley had a negative return on equity of 11.07% and a negative net margin of 25.52%. During the same period in the previous year, the firm posted ($0.21) earnings per share. Sell-side analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current 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 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.