Peapod Lane Capital LLC increased its holdings in Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 87.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 870,156 shares of the textile maker's stock after purchasing an additional 406,333 shares during the period. Vera Bradley makes up about 2.2% of Peapod Lane Capital LLC's holdings, making the stock its 18th biggest holding. Peapod Lane Capital LLC owned approximately 3.14% of Vera Bradley worth $1,958,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC grew its position in Vera Bradley by 157.5% in the 4th quarter. Squarepoint Ops LLC now owns 11,970 shares of the textile maker's stock worth $47,000 after purchasing an additional 32,780 shares during the period. Sei Investments Co. purchased a new position in Vera Bradley during the fourth quarter valued at $54,000. Nuveen Asset Management LLC grew its stake in Vera Bradley by 37.5% during the fourth quarter. Nuveen Asset Management LLC now owns 48,692 shares of the textile maker's stock valued at $191,000 after acquiring an additional 13,271 shares in the last quarter. Barclays PLC grew its stake in Vera Bradley by 5.4% during the fourth quarter. Barclays PLC now owns 63,129 shares of the textile maker's stock valued at $248,000 after acquiring an additional 3,229 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Vera Bradley by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker's stock valued at $152,000 after buying an additional 7,747 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.
Insiders Place Their Bets
In other news, Director Andrew Meslow purchased 253,094 shares of Vera Bradley stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $1.88 per share, with a total value of $475,816.72. Following the transaction, the director owned 300,000 shares in the company, valued at $564,000. This represents a 539.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.10% of the stock is owned by insiders.
Vera Bradley Price Performance
NASDAQ VRA traded down $0.11 during trading on Friday, reaching $2.33. 81,965 shares of the company's stock traded hands, compared to its average volume of 339,505. The company's 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $2.68. Vera Bradley, Inc. has a 12-month low of $1.71 and a 12-month high of $6.99. The firm has a market cap of $64.94 million, a price-to-earnings ratio of -0.73 and a beta of 1.78.
Vera Bradley (NASDAQ:VRA - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The textile maker reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.23). Vera Bradley had a negative net margin of 25.52% and a negative return on equity of 11.07%. The business had revenue of $51.65 million for the quarter, compared to analyst estimates of $53.48 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Research analysts expect that Vera Bradley, Inc. will post -0.25 earnings per share for the current fiscal year.
Vera Bradley Company Profile
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Free Report)
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.
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