Vera Bradley, Inc. (NASDAQ:VRA) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Vera Bradley, Inc. (NASDAQ:VRAFree Report) by 53.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,830 shares of the textile maker’s stock after buying an additional 68,199 shares during the period. Bank of New York Mellon Corp’s holdings in Vera Bradley were worth $1,288,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. bought a new position in Vera Bradley during the 2nd quarter valued at $50,000. California State Teachers Retirement System bought a new position in Vera Bradley during the 2nd quarter valued at $56,000. Wells Fargo & Company MN boosted its stake in Vera Bradley by 6,210.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,970 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 9,812 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Vera Bradley during the 1st quarter worth $80,000. Finally, American International Group Inc. bought a new stake in shares of Vera Bradley during the 2nd quarter worth $81,000. Institutional investors own 54.80% of the company’s stock.

Vera Bradley Trading Up 3.7 %

NASDAQ VRA opened at $7.90 on Friday. The stock’s 50 day moving average is $7.49 and its two-hundred day moving average is $7.14. The company has a market capitalization of $243.32 million, a price-to-earnings ratio of -13.17 and a beta of 1.94. Vera Bradley, Inc. has a 1-year low of $4.60 and a 1-year high of $8.35.

Vera Bradley (NASDAQ:VRAGet Free Report) last issued its earnings results on Wednesday, December 6th. The textile maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.09 by $0.10. Vera Bradley had a negative net margin of 3.81% and a positive return on equity of 7.34%. The company had revenue of $114.99 million during the quarter, compared to analysts’ expectations of $123.10 million. During the same quarter in the previous year, the company posted $0.20 EPS. On average, analysts predict that Vera Bradley, Inc. will post 0.58 earnings per share for the current year.

Insider Transactions at Vera Bradley

In other news, Director Mary Lou Kelley sold 33,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $7.51, for a total value of $251,585.00. Following the sale, the director now directly owns 49,135 shares of the company’s stock, valued at approximately $369,003.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, cut Vera Bradley from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th.

View Our Latest Stock Report on Vera Bradley

Vera Bradley Company Profile

(Free Report)

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

See Also

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

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