Assenagon Asset Management S.A. Sells 4,986 Shares of Vera Bradley, Inc. $VRA

Assenagon Asset Management S.A. lessened its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,859 shares of the textile maker’s stock after selling 4,986 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Vera Bradley worth $33,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its stake in Vera Bradley by 37.5% during the 4th quarter. Nuveen Asset Management LLC now owns 48,692 shares of the textile maker’s stock valued at $191,000 after purchasing an additional 13,271 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Vera Bradley by 157.5% during the 4th quarter. Squarepoint Ops LLC now owns 11,970 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 32,780 shares during the last quarter. Bank of New York Mellon Corp boosted 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 purchasing an additional 7,747 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in 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 purchasing an additional 406,333 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Vera Bradley during the 1st quarter valued at $110,000. Institutional investors own 59.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on VRA shares. Small Cap Consu upgraded Vera Bradley to a “hold” rating in a research note on Monday, August 18th. Zacks Research upgraded Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Vera Bradley Stock Performance

VRA stock opened at $2.03 on Monday. The company has a market cap of $56.72 million, a P/E ratio of -0.58 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. 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 stock’s fifty day moving average price is $2.08 and its 200-day moving average price is $2.12.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Thursday, September 11th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $70.86 million for the quarter, compared to the consensus estimate of $78.52 million. Vera Bradley had a negative return on equity of 15.27% and a negative net margin of 32.31%.During the same period last year, the business posted $0.13 EPS. On average, equities analysts forecast that Vera Bradley, Inc. will post -0.25 earnings per share 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.