Bank of New York Mellon Corp Has $1.25 Million Stake in Vera Bradley, Inc. (NASDAQ:VRA)

Bank of New York Mellon Corp raised its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,308 shares of the textile maker’s stock after acquiring an additional 4,143 shares during the quarter. Bank of New York Mellon Corp owned about 0.68% of Vera Bradley worth $1,248,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of Vera Bradley during the 2nd quarter worth approximately $25,000. Clear Street Markets LLC bought a new stake in Vera Bradley in the fourth quarter valued at $94,000. Principal Financial Group Inc. acquired a new position in shares of Vera Bradley during the first quarter valued at about $101,000. Panagora Asset Management Inc. boosted its position in shares of Vera Bradley by 11.1% during the 4th quarter. Panagora Asset Management Inc. now owns 13,983 shares of the textile maker’s stock worth $108,000 after purchasing an additional 1,394 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Vera Bradley by 87.3% in the 1st quarter. SG Americas Securities LLC now owns 26,873 shares of the textile maker’s stock valued at $183,000 after buying an additional 12,523 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Vera Bradley Stock Performance

NASDAQ:VRA opened at $5.41 on Friday. Vera Bradley, Inc. has a 52 week low of $4.38 and a 52 week high of $8.35. The firm has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $6.53. The firm has a market cap of $159.53 million, a price-to-earnings ratio of 38.64 and a beta of 1.89.

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

Analysts Set New Price Targets

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

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 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.