Russell Investments Group Ltd. boosted its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,087 shares of the textile maker’s stock after acquiring an additional 21,346 shares during the period. Russell Investments Group Ltd. owned about 0.36% of Vera Bradley worth $1,926,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Vera Bradley by 65.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 198,306 shares of the textile maker’s stock valued at $2,784,000 after buying an additional 78,381 shares during the period. Engineers Gate Manager LP bought a new position in Vera Bradley in the 2nd quarter worth $784,000. Mackay Shields LLC raised its holdings in Vera Bradley by 650.9% in the 2nd quarter. Mackay Shields LLC now owns 82,600 shares of the textile maker’s stock worth $1,160,000 after purchasing an additional 71,600 shares during the period. Strs Ohio raised its holdings in Vera Bradley by 48.3% in the 2nd quarter. Strs Ohio now owns 34,700 shares of the textile maker’s stock worth $487,000 after purchasing an additional 11,300 shares during the period. Finally, SG Americas Securities LLC bought a new position in Vera Bradley in the 2nd quarter worth $142,000. Institutional investors own 71.57% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub raised Vera Bradley from a “strong sell” rating to a “sell” rating in a report on Wednesday. TheStreet raised Vera Bradley from a “c” rating to a “b” rating in a report on Thursday, September 6th. ValuEngine cut Vera Bradley from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Zacks Investment Research cut Vera Bradley from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, Telsey Advisory Group raised their target price on Vera Bradley from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.25.
Shares of Vera Bradley stock opened at $11.19 on Wednesday. Vera Bradley, Inc. has a one year low of $8.36 and a one year high of $17.38. The firm has a market capitalization of $389.63 million, a P/E ratio of 18.65 and a beta of 0.39.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, September 5th. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. Vera Bradley had a return on equity of 9.82% and a net margin of 3.76%. The business had revenue of $113.60 million during the quarter, compared to analyst estimates of $113.14 million. During the same quarter in the prior year, the business posted $0.13 EPS. Vera Bradley’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Vera Bradley, Inc. will post 0.59 earnings per share for the current year.
In other Vera Bradley news, insider Michael C. Ray sold 33,236 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $10.77, for a total value of $357,951.72. Following the completion of the sale, the insider now owns 51,021 shares in the company, valued at approximately $549,496.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anne Marie Ray sold 28,378 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $16.65, for a total value of $472,493.70. The disclosure for this sale can be found here. Insiders sold a total of 1,251,314 shares of company stock valued at $18,529,999 in the last quarter. 30.10% of the stock is currently owned by company insiders.
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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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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