Strs Ohio grew its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 44.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,200 shares of the textile maker’s stock after purchasing an additional 20,000 shares during the period. Strs Ohio owned approximately 0.19% of Vera Bradley worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Vera Bradley by 9.9% during the third quarter. BlackRock Inc. now owns 3,251,416 shares of the textile maker’s stock worth $49,616,000 after purchasing an additional 291,795 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vera Bradley by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,997,485 shares of the textile maker’s stock valued at $45,742,000 after buying an additional 20,400 shares during the period. AQR Capital Management LLC grew its stake in shares of Vera Bradley by 23.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,162,348 shares of the textile maker’s stock valued at $17,737,000 after buying an additional 221,793 shares during the period. Acadian Asset Management LLC grew its stake in shares of Vera Bradley by 185.7% during the 3rd quarter. Acadian Asset Management LLC now owns 580,740 shares of the textile maker’s stock valued at $8,861,000 after buying an additional 377,452 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Vera Bradley during the 3rd quarter valued at $7,181,000. Institutional investors and hedge funds own 73.17% of the company’s stock.
In related news, major shareholder Michael C. Ray sold 2,429 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $12.58, for a total value of $30,556.82. Following the completion of the sale, the insider now owns 55,879 shares in the company, valued at approximately $702,957.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anne Marie Ray sold 28,378 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $12.29, for a total transaction of $348,765.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,889 shares of company stock valued at $2,011,692. 30.10% of the stock is owned by insiders.
Vera Bradley (NASDAQ:VRA) last issued its earnings results on Wednesday, December 12th. The textile maker reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). The business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $101.68 million. Vera Bradley had a return on equity of 8.30% and a net margin of 4.80%. The company’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. As a group, research analysts predict that Vera Bradley, Inc. will post 0.57 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on VRA. TheStreet cut shares of Vera Bradley from a “b-” rating to a “c” rating in a research note on Thursday, December 13th. BidaskClub raised shares of Vera Bradley from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 5th. ValuEngine cut shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target (down from $14.00) on shares of Vera Bradley in a research report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.75.
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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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