Peapod Lane Capital LLC Acquires 406,333 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Peapod Lane Capital LLC grew its position in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 87.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 870,156 shares of the textile maker's stock after purchasing an additional 406,333 shares during the quarter. Vera Bradley makes up about 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 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of VRA. Squarepoint Ops LLC increased its position in shares of Vera Bradley by 157.5% during the 4th quarter. Squarepoint Ops LLC now owns 11,970 shares of the textile maker's stock valued at $47,000 after purchasing an additional 32,780 shares during the last quarter. Sei Investments Co. bought a new position in Vera Bradley during the 4th quarter worth approximately $54,000. Bank of New York Mellon Corp grew its position 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 worth $152,000 after acquiring an additional 7,747 shares during the last quarter. Nuveen Asset Management LLC grew its position in Vera Bradley by 37.5% during the 4th quarter. Nuveen Asset Management LLC now owns 48,692 shares of the textile maker's stock worth $191,000 after acquiring an additional 13,271 shares during the last quarter. Finally, Barclays PLC grew its position in Vera Bradley by 5.4% during the 4th quarter. Barclays PLC now owns 63,129 shares of the textile maker's stock worth $248,000 after acquiring an additional 3,229 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Price Performance

VRA opened at $2.50 on Thursday. The stock's 50 day simple moving average is $2.14 and its 200 day simple moving average is $2.69. Vera Bradley, Inc. has a 1 year low of $1.71 and a 1 year high of $6.99. The firm has a market cap of $69.83 million, a price-to-earnings ratio of -0.79 and a beta of 1.78.

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

Insiders Place Their Bets

In other Vera Bradley news, Director Andrew Meslow acquired 253,094 shares of the company's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $1.88 per share, for a total transaction of $475,816.72. Following the acquisition, the director owned 300,000 shares in the company, valued at $564,000. This represents a 539.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.10% of the company's stock.

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.

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