Walleye Capital LLC purchased a new stake in Vera Bradley, Inc. (NASDAQ:VRA – Get Rating) during the 2nd quarter, HoldingsChannel reports. The fund purchased 32,954 shares of the textile maker’s stock, valued at approximately $143,000.
Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Vera Bradley by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,321,921 shares of the textile maker’s stock valued at $17,809,000 after buying an additional 51,122 shares in the last quarter. Royce & Associates LP boosted its stake in Vera Bradley by 3.1% in the 2nd quarter. Royce & Associates LP now owns 1,788,702 shares of the textile maker’s stock valued at $7,763,000 after buying an additional 53,057 shares in the last quarter. Vanguard Group Inc. boosted its stake in Vera Bradley by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 1,774,779 shares of the textile maker’s stock valued at $13,613,000 after buying an additional 137,181 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its stake in Vera Bradley by 102.4% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,259,038 shares of the textile maker’s stock valued at $7,535,000 after buying an additional 636,969 shares in the last quarter. Finally, State Street Corp boosted its stake in Vera Bradley by 2.0% in the first quarter. State Street Corp now owns 869,226 shares of the textile maker’s stock worth $6,667,000 after purchasing an additional 17,024 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Cowen reduced their price objective on Vera Bradley to $4.50 in a research note on Tuesday, September 6th. StockNews.com assumed coverage on Vera Bradley in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Vera Bradley Stock Down 0.8 %
Vera Bradley (NASDAQ:VRA – Get Rating) last released its earnings results on Wednesday, August 31st. The textile maker reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The firm had revenue of $130.40 million for the quarter, compared to the consensus estimate of $132.51 million. Vera Bradley had a positive return on equity of 2.64% and a negative net margin of 5.03%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, equities research analysts anticipate that Vera Bradley, Inc. will post 0.19 earnings per share for the current fiscal year.
About Vera Bradley
Vera Bradley, Inc designs, produces, markets, and retails accessories for women. Its products include handbags, accessories and travel and leisure items. The company operates through the following segments: Vera Bradley Direct (VB Direct), Vera Bradley Indirect (VB Indirect), and Pura Vida. The VB Direct segment consists of sales of Vera Bradley products through Vera Bradley full-line and factory outlet stores in the United States, verabradley.com, the Vera Bradley online outlet site, and the Vera Bradley annual outlet sale in Fort Wayne, Indiana.
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