Vera Bradley, Inc. (NASDAQ:VRA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Vera Bradley, Inc. (NASDAQ:VRA) by 0.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,345,550 shares of the textile maker’s stock after buying an additional 6,723 shares during the period. Vanguard Group Inc.’s holdings in Vera Bradley were worth $9,150,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Vera Bradley by 87.3% in the first quarter. SG Americas Securities LLC now owns 26,873 shares of the textile maker’s stock valued at $183,000 after purchasing an additional 12,523 shares during the last quarter. Empowered Funds LLC boosted its position in Vera Bradley by 35.5% during the first quarter. Empowered Funds LLC now owns 127,254 shares of the textile maker’s stock worth $865,000 after acquiring an additional 33,306 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Vera Bradley by 36.5% during the first quarter. BNP Paribas Financial Markets now owns 37,800 shares of the textile maker’s stock worth $257,000 after acquiring an additional 10,102 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Vera Bradley during the first quarter worth approximately $101,000. Finally, Wellington Management Group LLP acquired a new stake in Vera Bradley during the fourth quarter worth approximately $3,672,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Vera Bradley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 13th.

Vera Bradley Stock Performance

Shares of NASDAQ VRA opened at $6.25 on Friday. Vera Bradley, Inc. has a 1 year low of $5.45 and a 1 year high of $8.35. The firm’s 50 day moving average price is $6.33 and its 200 day moving average price is $6.91. The firm has a market cap of $184.30 million, a P/E ratio of 44.64 and a beta of 1.91.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). The company had revenue of $80.60 million during the quarter, compared to analyst estimates of $94.76 million. Vera Bradley had a net margin of 0.96% and a return on equity of 5.17%. As a group, equities analysts predict that Vera Bradley, Inc. will post 0.58 EPS for the current 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.