Campbell & CO Investment Adviser LLC lifted its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 133.9% in the third quarter, HoldingsChannel reports. The firm owned 39,997 shares of the textile maker’s stock after purchasing an additional 22,900 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Vera Bradley were worth $244,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of VRA. Metropolitan Life Insurance Co NY acquired a new position in Vera Bradley in the 1st quarter worth approximately $100,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Vera Bradley in the first quarter worth $49,000. Squarepoint Ops LLC purchased a new position in shares of Vera Bradley during the first quarter valued at $50,000. Paloma Partners Management Co acquired a new position in Vera Bradley during the first quarter valued at $53,000. Finally, Magnus Financial Group LLC acquired a new position in Vera Bradley during the second quarter valued at $57,000. 58.04% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on VRA shares. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Tuesday, September 8th. ValuEngine downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday, September 3rd. Finally, BidaskClub upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.67.
Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.39. The business had revenue of $131.77 million during the quarter, compared to analysts’ expectations of $100.48 million. Vera Bradley had a return on equity of 7.43% and a net margin of 0.92%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, research analysts expect that Vera Bradley, Inc. will post 0.68 EPS for the current year.
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 wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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