Ritholtz Wealth Management Cuts Stock Position in Vera Bradley, Inc. (NASDAQ:VRA)

Ritholtz Wealth Management trimmed its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 16.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 63,174 shares of the textile maker’s stock after selling 12,327 shares during the quarter. Ritholtz Wealth Management’s holdings in Vera Bradley were worth $395,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Panagora Asset Management Inc. boosted its stake in Vera Bradley by 11.1% during the 4th quarter. Panagora Asset Management Inc. now owns 13,983 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 1,394 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Vera Bradley during the 2nd quarter valued at $25,000. Bank of New York Mellon Corp lifted its holdings in shares of Vera Bradley by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 199,308 shares of the textile maker’s stock valued at $1,248,000 after buying an additional 4,143 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Vera Bradley by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,345,550 shares of the textile maker’s stock valued at $9,150,000 after buying an additional 6,723 shares during the period. Finally, LSV Asset Management bought a new position in shares of Vera Bradley during the 4th quarter valued at $56,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Vera Bradley Price Performance

NASDAQ VRA opened at $5.31 on Friday. The business’s fifty day moving average price is $6.15 and its 200-day moving average price is $6.70. The stock has a market capitalization of $156.58 million, a price-to-earnings ratio of 37.93 and a beta of 1.89. Vera Bradley, Inc. has a 1-year low of $5.26 and a 1-year high of $8.35.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.32). Vera Bradley had a net margin of 0.96% and a return on equity of 5.17%. The firm had revenue of $80.60 million for the quarter, compared to the consensus estimate of $94.76 million. Equities research analysts anticipate that Vera Bradley, Inc. will post 0.58 EPS for the current year.

About Vera Bradley

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.