Belpointe Asset Management LLC Invests $29,000 in Vera Bradley, Inc. $VRA

Belpointe Asset Management LLC acquired a new stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,755 shares of the textile maker’s stock, valued at approximately $29,000.

A number of other hedge funds have also bought and sold shares of VRA. Peapod Lane Capital LLC boosted its holdings in shares of Vera Bradley by 87.6% during the 1st quarter. Peapod Lane Capital LLC now owns 870,156 shares of the textile maker’s stock valued at $1,958,000 after acquiring an additional 406,333 shares during the last quarter. Empowered Funds LLC grew its position in Vera Bradley by 7.9% in the 1st quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after purchasing an additional 12,021 shares during the period. Bank of New York Mellon Corp raised its stake in Vera Bradley by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker’s stock valued at $152,000 after buying an additional 7,747 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Vera Bradley by 149.9% during the 1st quarter. Jane Street Group LLC now owns 57,041 shares of the textile maker’s stock valued at $128,000 after buying an additional 34,212 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Vera Bradley in the 1st quarter worth $110,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Vera Bradley Stock Performance

VRA opened at $2.07 on Wednesday. The company has a 50 day simple moving average of $2.10 and a two-hundred day simple moving average of $2.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. The firm has a market cap of $57.84 million, a P/E ratio of -0.59 and a beta of 1.76. Vera Bradley, Inc. has a 1-year low of $1.71 and a 1-year high of $5.99.

Vera Bradley (NASDAQ:VRA) last released its earnings results on Thursday, September 11th. The textile maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $70.86 million for the quarter, compared to analysts’ expectations of $78.52 million. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. During the same quarter in the previous year, the company earned $0.13 EPS. Equities analysts forecast that Vera Bradley, Inc. will post -0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VRA. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Small Cap Consu raised shares of Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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