Brandywine Global Investment Management LLC bought a new position in shares of Vera Bradley, Inc. (NASDAQ:VRA – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,480 shares of the textile maker’s stock, valued at approximately $69,000.
A number of other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its holdings in Vera Bradley by 0.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 527,215 shares of the textile maker’s stock valued at $2,388,000 after buying an additional 4,575 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Vera Bradley by 357.6% in the 1st quarter. Acadian Asset Management LLC now owns 700,576 shares of the textile maker’s stock worth $4,194,000 after acquiring an additional 547,464 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Vera Bradley during the 4th quarter worth approximately $113,000. Stokes Family Office LLC acquired a new stake in Vera Bradley in the 1st quarter valued at approximately $99,000. Finally, O Shaughnessy Asset Management LLC raised its position in Vera Bradley by 30.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,117 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 4,038 shares during the period. 54.80% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VRA has been the subject of several research analyst reports. TheStreet upgraded Vera Bradley from a “d+” rating to a “c” rating in a research report on Wednesday, August 30th. StockNews.com lowered shares of Vera Bradley from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Noble Financial raised their price objective on shares of Vera Bradley from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st.
Vera Bradley Trading Down 2.1 %
Shares of NASDAQ VRA opened at $6.55 on Tuesday. The stock has a market cap of $201.87 million, a P/E ratio of -11.10 and a beta of 2.02. The business’s fifty day simple moving average is $6.70 and its 200-day simple moving average is $6.06. Vera Bradley, Inc. has a 12-month low of $2.84 and a 12-month high of $7.73.
Vera Bradley (NASDAQ:VRA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. Vera Bradley had a positive return on equity of 7.28% and a negative net margin of 3.73%. The business had revenue of $128.17 million during the quarter, compared to analysts’ expectations of $130.95 million. During the same quarter last year, the business posted $0.08 EPS. On average, equities analysts forecast that Vera Bradley, Inc. will post 0.6 EPS for the current fiscal year.
Vera Bradley Company Profile
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.
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