Walleye Capital LLC Purchases New Position in Vera Bradley, Inc. (NASDAQ:VRA)

Walleye Capital LLC purchased a new stake in Vera Bradley, Inc. (NASDAQ:VRAGet 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 %

VRA stock opened at $3.54 on Friday. The company has a market cap of $110.09 million, a P/E ratio of -4.21 and a beta of 1.82. Vera Bradley, Inc. has a twelve month low of $2.84 and a twelve month high of $10.84. The business has a fifty day moving average of $3.20 and a 200-day moving average of $4.33.

Vera Bradley (NASDAQ:VRAGet 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

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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.

See Also

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Institutional Ownership by Quarter for Vera Bradley (NASDAQ:VRA)

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