SG Americas Securities LLC Sells 15,992 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

SG Americas Securities LLC lowered its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 52.7% in the fourth quarter, HoldingsChannel reports. The fund owned 14,350 shares of the textile maker’s stock after selling 15,992 shares during the period. SG Americas Securities LLC’s holdings in Vera Bradley were worth $110,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VRA. Harbor Capital Advisors Inc. grew its holdings in shares of Vera Bradley by 73.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,174 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 3,044 shares in the last quarter. Vanguard Group Inc. grew its stake in Vera Bradley by 1.2% in the third quarter. Vanguard Group Inc. now owns 1,312,521 shares of the textile maker’s stock valued at $8,676,000 after purchasing an additional 15,874 shares in the last quarter. American Century Companies Inc. increased its position in shares of Vera Bradley by 8.3% during the 3rd quarter. American Century Companies Inc. now owns 100,631 shares of the textile maker’s stock worth $665,000 after purchasing an additional 7,690 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Vera Bradley during the 3rd quarter worth approximately $86,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Vera Bradley in the 3rd quarter valued at approximately $94,000. 59.88% of the stock is owned by institutional investors.

Vera Bradley Stock Performance

Shares of NASDAQ:VRA opened at $6.44 on Friday. Vera Bradley, Inc. has a 52-week low of $4.60 and a 52-week high of $8.35. The company has a market capitalization of $198.29 million, a P/E ratio of 25.76 and a beta of 1.89. The company has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $7.23.

Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). Vera Bradley had a return on equity of 6.69% and a net margin of 1.66%. The business had revenue of $133.27 million for the quarter, compared to the consensus estimate of $136.06 million. As a group, equities 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 upgraded shares of Vera Bradley from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 13th.

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.