Potrero Capital Research LLC Takes $2.62 Million Position in Vera Bradley, Inc. (NASDAQ:VRA)

Potrero Capital Research LLC purchased a new stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 479,946 shares of the textile maker’s stock, valued at approximately $2,621,000. Vera Bradley accounts for about 0.8% of Potrero Capital Research LLC’s portfolio, making the stock its 25th biggest position.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Vera Bradley by 619.7% in the third quarter. BNP Paribas Financial Markets now owns 36,891 shares of the textile maker’s stock valued at $201,000 after acquiring an additional 31,765 shares during the last quarter. FMR LLC boosted its stake in Vera Bradley by 998.4% in the third quarter. FMR LLC now owns 21,408 shares of the textile maker’s stock valued at $117,000 after acquiring an additional 19,459 shares during the last quarter. Davis R M Inc. bought a new position in Vera Bradley in the third quarter valued at approximately $109,000. Empowered Funds LLC boosted its stake in Vera Bradley by 5.3% in the third quarter. Empowered Funds LLC now owns 144,210 shares of the textile maker’s stock valued at $787,000 after acquiring an additional 7,236 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Vera Bradley by 18.6% in the third quarter. Royce & Associates LP now owns 1,592,165 shares of the textile maker’s stock valued at $8,693,000 after acquiring an additional 249,630 shares during the last quarter. 59.88% of the stock is owned by institutional investors.

Vera Bradley Stock Performance

Shares of VRA stock opened at $5.64 on Wednesday. Vera Bradley, Inc. has a 52-week low of $4.38 and a 52-week high of $8.32. The stock has a market cap of $159.22 million, a PE ratio of 188.00 and a beta of 1.91. The firm’s 50 day moving average price is $5.31 and its two-hundred day moving average price is $5.98.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. The firm had revenue of $110.82 million during the quarter, compared to analyst estimates of $129.53 million. During the same period last year, the firm earned $0.33 EPS. As a group, sell-side analysts predict that Vera Bradley, Inc. will post 0.1 earnings per share for the current fiscal year.

Vera Bradley 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.