Principal Financial Group Inc. Makes New $101,000 Investment in Vera Bradley, Inc. (NASDAQ:VRA)

Principal Financial Group Inc. bought a new stake in Vera Bradley, Inc. (NASDAQ:VRAFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,859 shares of the textile maker’s stock, valued at approximately $101,000.

A number of other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in 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 buying an additional 3,044 shares in the last quarter. LSV Asset Management acquired a new position in shares of Vera Bradley in the fourth quarter valued at about $56,000. Tower Research Capital LLC TRC grew its stake in shares of Vera Bradley by 258.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,017 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,503 shares in the last quarter. Clear Street Markets LLC acquired a new stake in Vera Bradley in the 4th quarter worth about $94,000. Finally, Panagora Asset Management Inc. raised its stake in Vera Bradley by 11.1% in the 4th quarter. Panagora Asset Management Inc. now owns 13,983 shares of the textile maker’s stock worth $108,000 after purchasing an additional 1,394 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

Vera Bradley Stock Performance

VRA opened at $5.95 on Tuesday. Vera Bradley, Inc. has a 52-week low of $5.63 and a 52-week high of $8.35. The firm has a market cap of $175.47 million, a P/E ratio of 42.50 and a beta of 1.91. The business’s fifty day moving average is $6.99 and its 200-day moving average is $7.11.

Vera Bradley (NASDAQ:VRAGet Free Report) last announced its quarterly earnings data on Wednesday, June 12th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). The firm had revenue of $80.60 million for the quarter, compared to analyst estimates of $94.76 million. Vera Bradley had a return on equity of 5.17% and a net margin of 0.96%. On average, research analysts predict that Vera Bradley, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, cut shares of Vera Bradley from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 13th.

Read Our Latest Analysis on VRA

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 consist 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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