SG Americas Securities LLC Has $174,000 Position in Vera Bradley, Inc. (NASDAQ:VRA)

SG Americas Securities LLC cut its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA – Get Rating) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,411 shares of the textile maker’s stock after selling 6,775 shares during the quarter. SG Americas Securities LLC’s holdings in Vera Bradley were worth $174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Annandale Capital LLC acquired a new position in Vera Bradley during the 3rd quarter worth about $301,000. True Signal LP acquired a new position in Vera Bradley during the 4th quarter worth about $49,000. Prelude Capital Management LLC acquired a new position in Vera Bradley during the 2nd quarter worth about $125,000. American Century Companies Inc. acquired a new position in shares of Vera Bradley in the 1st quarter valued at about $80,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Vera Bradley by 43.2% in the 3rd quarter. Quadrature Capital Ltd now owns 14,897 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 4,494 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Vera Bradley Stock Performance

VRA stock opened at $5.36 on Friday. The stock’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $5.02. Vera Bradley, Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $6.95. The company has a market cap of $164.42 million, a P/E ratio of -2.82 and a beta of 1.94.

Vera Bradley (NASDAQ:VRA – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The textile maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Vera Bradley had a positive return on equity of 2.70% and a negative net margin of 11.95%. The business had revenue of $147.09 million for the quarter, compared to the consensus estimate of $137.03 million. Equities analysts predict that Vera Bradley, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Vera Bradley in a research note on Thursday, March 16th. They issued a “buy” rating on the stock.

Vera Bradley Profile

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Vera Bradley, Inc engages in the business of designing women’s handbags, luggage, travel items, fashion, home accessories, and unique gifts. It operates through the following segments: Vera Bradley (VB) Direct, Vera Bradley Indirect, and Pura Vida. The VB Direct segment is involved in selling VB products through full-line and factory outlet stores, websites, online outlet site, and the VB annual outlet sale.