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

Bank of New York Mellon Corp grew its position in Vera Bradley, Inc. (NASDAQ:VRA) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,748 shares of the textile maker’s stock after acquiring an additional 7,747 shares during the quarter. Bank of New York Mellon Corp owned about 0.24% of Vera Bradley worth $152,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quinn Opportunity Partners LLC purchased a new position in Vera Bradley in the fourth quarter worth $3,957,000. Shay Capital LLC purchased a new position in Vera Bradley in the fourth quarter worth $1,143,000. Fund 1 Investments LLC raised its position in Vera Bradley by 6.4% in the fourth quarter. Fund 1 Investments LLC now owns 2,783,155 shares of the textile maker’s stock worth $10,938,000 after acquiring an additional 168,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Vera Bradley by 11.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 721,260 shares of the textile maker’s stock worth $2,835,000 after acquiring an additional 73,277 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Vera Bradley by 9.1% in the fourth quarter. American Century Companies Inc. now owns 523,941 shares of the textile maker’s stock worth $2,059,000 after acquiring an additional 43,482 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vera Bradley

In other news, Director Andrew Meslow purchased 253,094 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $1.88 per share, for a total transaction of $475,816.72. Following the completion of the transaction, the director directly owned 300,000 shares in the company, valued at $564,000. This represents a 539.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 10.50% of the stock is currently owned by corporate insiders.

Vera Bradley Stock Performance

NASDAQ:VRA opened at $2.05 on Wednesday. The stock has a fifty day moving average price of $2.19 and a two-hundred day moving average price of $2.47. The stock has a market capitalization of $57.26 million, a price-to-earnings ratio of -0.65 and a beta of 1.80. Vera Bradley, Inc. has a 1 year low of $1.71 and a 1 year high of $6.38.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Wednesday, June 11th. The textile maker reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.23). Vera Bradley had a negative return on equity of 11.07% and a negative net margin of 25.52%. The business had revenue of $51.65 million during the quarter, compared to analysts’ expectations of $53.48 million. During the same quarter in the previous year, the company posted ($0.21) EPS. On average, analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current year.

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 consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.