Strs Ohio Has $545,000 Holdings in Vera Bradley, Inc. (NASDAQ:VRA)

Strs Ohio lessened its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,900 shares of the textile maker’s stock after selling 7,800 shares during the period. Strs Ohio owned about 0.23% of Vera Bradley worth $545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VRA. EAM Investors LLC acquired a new position in shares of Vera Bradley during the 3rd quarter worth approximately $1,760,000. Assenagon Asset Management S.A. boosted its position in shares of Vera Bradley by 24.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 432,989 shares of the textile maker’s stock worth $2,862,000 after acquiring an additional 84,443 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Vera Bradley during the 3rd quarter worth approximately $518,000. Los Angeles Capital Management LLC acquired a new stake in shares of Vera Bradley during the 3rd quarter worth approximately $473,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Vera Bradley by 53.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 194,830 shares of the textile maker’s stock worth $1,288,000 after acquiring an additional 68,199 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Vera Bradley Trading Up 1.0 %

NASDAQ VRA opened at $6.75 on Friday. Vera Bradley, Inc. has a 1 year low of $4.60 and a 1 year high of $8.35. The firm has a market capitalization of $207.68 million, a price-to-earnings ratio of 26.98 and a beta of 1.89. The firm’s 50 day simple moving average is $6.85 and its 200 day simple moving average is $7.24.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Vera Bradley had a net margin of 1.66% and a return on equity of 6.69%. The company had revenue of $133.27 million during the quarter, compared to analyst estimates of $136.06 million. On average, equities research analysts forecast that Vera Bradley, Inc. will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Vera Bradley from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 21st.

About Vera Bradley

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.