Vera Bradley, Inc. (NASDAQ:VRA) Shares Bought by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC grew its position in Vera Bradley, Inc. (NASDAQ:VRA) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,659 shares of the textile maker’s stock after purchasing an additional 1,955 shares during the quarter. Stone Ridge Asset Management LLC owned approximately 0.27% of Vera Bradley worth $811,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VRA. Brandywine Global Investment Management LLC bought a new stake in shares of Vera Bradley in the 4th quarter valued at about $160,000. Mackay Shields LLC increased its stake in shares of Vera Bradley by 7.5% in the 4th quarter. Mackay Shields LLC now owns 107,759 shares of the textile maker’s stock valued at $924,000 after acquiring an additional 7,559 shares during the last quarter. United Services Automobile Association increased its stake in shares of Vera Bradley by 20.6% in the 4th quarter. United Services Automobile Association now owns 14,741 shares of the textile maker’s stock valued at $126,000 after acquiring an additional 2,518 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Vera Bradley by 8.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 272,556 shares of the textile maker’s stock valued at $2,336,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its stake in shares of Vera Bradley by 369.9% in the 4th quarter. Alambic Investment Management L.P. now owns 236,618 shares of the textile maker’s stock valued at $2,028,000 after acquiring an additional 186,265 shares during the last quarter. 70.48% of the stock is currently owned by institutional investors.

In other news, insider Michael C. Ray sold 33,236 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $13.14, for a total value of $436,721.04. Following the completion of the sale, the insider now owns 17,015 shares of the company’s stock, valued at approximately $223,577.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Anne Marie Ray sold 14,189 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $9.36, for a total value of $132,809.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 292,271 shares of company stock valued at $3,165,588. Insiders own 30.10% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine cut Vera Bradley from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub cut Vera Bradley from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Zacks Investment Research raised Vera Bradley from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, March 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $11.00 target price on shares of Vera Bradley in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Vera Bradley has a consensus rating of “Buy” and a consensus target price of $13.50.

NASDAQ:VRA traded down $0.21 during trading hours on Monday, reaching $11.78. 201,500 shares of the stock were exchanged, compared to its average volume of 339,682. Vera Bradley, Inc. has a twelve month low of $7.94 and a twelve month high of $17.38. The company has a market cap of $404.51 million, a P/E ratio of 19.97 and a beta of 0.76.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Vera Bradley had a return on equity of 7.15% and a net margin of 4.99%. The firm had revenue of $118.20 million during the quarter, compared to the consensus estimate of $116.34 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The business’s revenue was down 10.5% on a year-over-year basis. As a group, research analysts forecast that Vera Bradley, Inc. will post 0.69 EPS for the current year.

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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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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Institutional Ownership by Quarter for Vera Bradley (NASDAQ:VRA)

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