Alliancebernstein L.P. boosted its holdings in Vera Bradley, Inc. (NASDAQ:VRA) by 37.1% during the 4th quarter, Holdings Channel reports. The firm owned 113,760 shares of the textile maker’s stock after acquiring an additional 30,770 shares during the period. Alliancebernstein L.P.’s holdings in Vera Bradley were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of VRA. Landscape Capital Management L.L.C. purchased a new position in Vera Bradley in the fourth quarter worth $160,000. C M Bidwell & Associates Ltd. purchased a new position in Vera Bradley in the fourth quarter worth $201,000. Wells Fargo & Company MN lifted its position in shares of Vera Bradley by 59.5% during the 3rd quarter. Wells Fargo & Company MN now owns 23,864 shares of the textile maker’s stock valued at $211,000 after buying an additional 8,900 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Vera Bradley during the 4th quarter valued at $237,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Vera Bradley during the 3rd quarter valued at $255,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.
In other Vera Bradley news, major shareholder James Bradley Byrne sold 1,232,605 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,993,246.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Hall sold 1,200,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,676,000.00. Following the completion of the transaction, the director now owns 63,593 shares in the company, valued at $618,759.89. The disclosure for this sale can be found here. 39.60% of the stock is owned by corporate insiders.
Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 14th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $132.00 million for the quarter, compared to analyst estimates of $130.02 million. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. research analysts anticipate that Vera Bradley, Inc. will post 0.41 earnings per share for the current year.
A number of brokerages have recently commented on VRA. ValuEngine raised Vera Bradley from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. BidaskClub cut Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the company a “hold” rating in a research report on Wednesday, March 14th. Cowen set a $10.00 price objective on Vera Bradley and gave the company a “hold” rating in a research note on Wednesday, March 14th. Finally, Zacks Investment Research lowered Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $10.40.
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Vera Bradley Profile
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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