Swiss National Bank held its position in Vera Bradley, Inc. (NASDAQ:VRA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,000 shares of the textile maker’s stock at the end of the first quarter. Swiss National Bank owned 0.10% of Vera Bradley worth $344,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VRA. Wells Fargo & Company MN boosted its position in Vera Bradley by 3.4% in the first quarter. Wells Fargo & Company MN now owns 13,408 shares of the textile maker’s stock worth $125,000 after buying an additional 444 shares during the period. New York State Teachers Retirement System boosted 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 textile maker’s stock valued at $143,000 after buying an additional 100 shares during the last quarter. Tudor Investment Corp Et Al bought a new position in shares of Vera Bradley during the fourth quarter valued at $162,000. State Board of Administration of Florida Retirement System boosted its position in shares of Vera Bradley by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,793 shares of the textile maker’s stock valued at $184,000 after buying an additional 50 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Vera Bradley by 1.6% in the first quarter. Comerica Bank now owns 21,265 shares of the textile maker’s stock valued at $197,000 after buying an additional 335 shares during the period. 56.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vera Bradley, Inc. (VRA) traded down 2.65% on Wednesday, reaching $9.54. 250,749 shares of the company were exchanged. The firm has a 50 day moving average price of $9.72 and a 200-day moving average price of $9.36. The stock has a market capitalization of $344.91 million, a PE ratio of 26.21 and a beta of 0.87. Vera Bradley, Inc. has a 12-month low of $7.70 and a 12-month high of $17.20.
Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, May 31st. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. Vera Bradley had a net margin of 2.79% and a return on equity of 7.18%. The company had revenue of $96.10 million for the quarter, compared to the consensus estimate of $96.62 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Vera Bradley’s revenue was down 8.7% on a year-over-year basis. On average, analysts predict that Vera Bradley, Inc. will post $0.44 EPS for the current fiscal year.
VRA has been the subject of several research reports. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC set a $10.00 price objective on shares of Vera Bradley and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Finally, FBR & Co reiterated an “outperform” rating and issued a $12.00 price target on shares of Vera Bradley in a research report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.83.
About Vera Bradley
Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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