Arrowstreet Capital Limited Partnership trimmed its position in Vera Bradley, Inc. (NASDAQ:VRA) by 73.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the textile maker’s stock after selling 51,365 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.05% of Vera Bradley worth $231,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC increased its position in Vera Bradley by 2.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,126 shares of the textile maker’s stock worth $4,143,000 after purchasing an additional 9,714 shares in the last quarter. Royce & Associates LP increased its position in Vera Bradley by 27.4% during the 4th quarter. Royce & Associates LP now owns 465,600 shares of the textile maker’s stock worth $5,671,000 after purchasing an additional 100,089 shares in the last quarter. Rhumbline Advisers increased its position in Vera Bradley by 15.7% during the 4th quarter. Rhumbline Advisers now owns 47,479 shares of the textile maker’s stock worth $578,000 after purchasing an additional 6,444 shares in the last quarter. Arizona State Retirement System increased its position in Vera Bradley by 220.4% during the 4th quarter. Arizona State Retirement System now owns 32,037 shares of the textile maker’s stock worth $390,000 after purchasing an additional 22,037 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Vera Bradley by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,830 shares of the textile maker’s stock worth $363,000 after purchasing an additional 5,966 shares in the last quarter. Institutional investors own 62.58% of the company’s stock.
Several brokerages have issued reports on VRA. Robert W. Baird set a $12.00 price objective on shares of Vera Bradley and gave the company a “hold” rating in a research report on Monday, December 25th. Zacks Investment Research downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. BidaskClub raised shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine upgraded Vera Bradley from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Cowen set a $10.00 target price on Vera Bradley and gave the company a “hold” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.40.
VRA traded down $0.04 during trading hours on Friday, hitting $10.88. 189,420 shares of the stock were exchanged, compared to its average volume of 364,979. Vera Bradley, Inc. has a 12 month low of $6.99 and a 12 month high of $12.83. The stock has a market capitalization of $387.88, a PE ratio of 18.13, a price-to-earnings-growth ratio of 5.29 and a beta of 0.66.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, March 14th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $130.02 million. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. sell-side analysts predict that Vera Bradley, Inc. will post 0.41 EPS for the current year.
In other news, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the transaction, the director now directly owns 63,593 shares of the company’s stock, valued at $618,759.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The disclosure for this sale can be found here. Company insiders own 39.60% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Vera Bradley, Inc. (NASDAQ:VRA) Shares Sold by Arrowstreet Capital Limited Partnership” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/07/arrowstreet-capital-limited-partnership-trims-stake-in-vera-bradley-inc-vra.html.
Vera Bradley Profile
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.