Public Sector Pension Investment Board continued to hold its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,500 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in Vera Bradley were worth $170,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in VRA. New York State Teachers Retirement System raised its position in shares of Vera Bradley by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,232 shares of the company’s stock worth $143,000 after buying an additional 100 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Vera Bradley during the third quarter worth $161,000. Fox Run Management L.L.C. bought a new position in shares of Vera Bradley during the third quarter worth $176,000. Comerica Bank raised its position in shares of Vera Bradley by 5.8% in the fourth quarter. Comerica Bank now owns 20,930 shares of the company’s stock worth $249,000 after buying an additional 1,154 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in shares of Vera Bradley by 26,114.3% in the third quarter. Acrospire Investment Management LLC now owns 18,350 shares of the company’s stock worth $278,000 after buying an additional 18,280 shares during the last quarter. 55.55% of the stock is owned by institutional investors.
Shares of Vera Bradley, Inc. (NASDAQ:VRA) opened at 8.65 on Friday. Vera Bradley, Inc. has a 12 month low of $8.40 and a 12 month high of $20.69. The company has a market capitalization of $313.27 million, a PE ratio of 16.32 and a beta of 0.96. The firm’s 50-day moving average is $9.92 and its 200 day moving average is $12.78.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, March 8th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $134.80 million for the quarter, compared to analyst estimates of $137.34 million. Vera Bradley had a net margin of 6.34% and a return on equity of 11.15%. Vera Bradley’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts predict that Vera Bradley, Inc. will post $0.44 EPS for the current year.
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A number of equities analysts recently weighed in on the stock. Wunderlich reaffirmed a “buy” rating and issued a $11.00 target price on shares of Vera Bradley in a research note on Saturday. Cowen and Company set a $18.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, December 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 target price (down from $14.00) on shares of Vera Bradley in a research note on Thursday, March 9th. Finally, Zacks Investment Research raised shares of Vera Bradley from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.33.
In other news, major shareholder Michael C. Ray sold 25,410 shares of Vera Bradley stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $9.03, for a total transaction of $229,452.30. Following the transaction, the insider now owns 210,362 shares in the company, valued at $1,899,568.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director P. Michael Miller purchased 1,099,839 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were acquired at an average price of $15.60 per share, for a total transaction of $17,157,488.40. Following the acquisition, the director now owns 68,015 shares of the company’s stock, valued at approximately $1,061,034. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 130,410 shares of company stock worth $1,200,202. 40.90% of the stock is owned by company insiders.
Vera Bradley Company Profile
Vera Bradley, Inc 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. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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