Los Angeles Capital Management & Equity Research Inc. grew its position in Vera Bradley, Inc. (NASDAQ:VRA) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,148 shares of the textile maker’s stock after buying an additional 8,010 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.15% of Vera Bradley worth $438,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in shares of Vera Bradley by 1,430.1% during the 4th quarter. Meeder Asset Management Inc. now owns 6,962 shares of the textile maker’s stock worth $60,000 after purchasing an additional 6,507 shares during the period. Pacer Advisors Inc. boosted its position in shares of Vera Bradley by 294.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,172 shares of the textile maker’s stock worth $109,000 after purchasing an additional 5,356 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in shares of Vera Bradley during the 4th quarter worth approximately $70,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Vera Bradley during the 4th quarter worth approximately $83,000. Finally, Laurion Capital Management LP purchased a new position in shares of Vera Bradley during the 3rd quarter worth approximately $160,000. 70.48% of the stock is owned by institutional investors and hedge funds.
In other news, insider Anne Marie Ray sold 70,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.61, for a total value of $742,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder B. Baekgaard 2009 Gran Barbara sold 35,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.30, for a total transaction of $360,500.00. Following the completion of the sale, the insider now owns 2,775,469 shares in the company, valued at $28,587,330.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,889 shares of company stock worth $2,962,895. 30.10% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on VRA shares. BidaskClub raised shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 19th. ValuEngine lowered shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price (down from $14.00) on shares of Vera Bradley in a report on Thursday, December 13th. Finally, TheStreet lowered shares of Vera Bradley from a “b-” rating to a “c” rating in a report on Thursday, December 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.00.
Vera Bradley stock opened at $14.01 on Friday. The company has a market cap of $387.58 million, a price-to-earnings ratio of 23.35 and a beta of 0.69. Vera Bradley, Inc. has a 52-week low of $7.94 and a 52-week high of $17.38.
Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $118.20 million for the quarter, compared to analyst estimates of $116.34 million. Vera Bradley had a net margin of 4.80% and a return on equity of 8.30%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts predict that Vera Bradley, Inc. will post 0.57 earnings per share for the current year.
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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 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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