Vera Bradley, Inc. (NASDAQ:VRA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,626 shares of the textile maker’s stock after acquiring an additional 4,855 shares during the period. Rhumbline Advisers’ holdings in Vera Bradley were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VRA. Gladius Capital Management LP acquired a new position in Vera Bradley during the second quarter worth $25,000. Clear Street Markets LLC acquired a new position in shares of Vera Bradley during the 4th quarter worth $94,000. Principal Financial Group Inc. acquired a new stake in Vera Bradley in the 1st quarter valued at about $101,000. Bailard Inc. acquired a new stake in Vera Bradley in the 2nd quarter valued at about $137,000. Finally, SG Americas Securities LLC increased its holdings in Vera Bradley by 87.3% during the 1st quarter. SG Americas Securities LLC now owns 26,873 shares of the textile maker’s stock valued at $183,000 after acquiring an additional 12,523 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vera Bradley Trading Up 1.8 %

NASDAQ VRA opened at $5.53 on Friday. The business’s 50-day moving average price is $5.81 and its 200 day moving average price is $6.43. Vera Bradley, Inc. has a twelve month low of $4.38 and a twelve month high of $8.35. The company has a market capitalization of $163.07 million, a PE ratio of 39.50 and a beta of 1.89.

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

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.