Royce & Associates LP Raises Position in Vera Bradley, Inc. (NASDAQ:VRA)

Royce & Associates LP raised its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,165 shares of the textile maker’s stock after purchasing an additional 249,630 shares during the period. Royce & Associates LP owned 5.64% of Vera Bradley worth $8,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marquette Asset Management LLC lifted its holdings in shares of Vera Bradley by 12.2% during the 3rd quarter. Marquette Asset Management LLC now owns 44,406 shares of the textile maker’s stock valued at $242,000 after purchasing an additional 4,824 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Vera Bradley in the second quarter worth approximately $76,000. AQR Capital Management LLC boosted its stake in Vera Bradley by 37.9% during the second quarter. AQR Capital Management LLC now owns 500,578 shares of the textile maker’s stock worth $3,134,000 after buying an additional 137,552 shares during the last quarter. Sei Investments Co. purchased a new stake in Vera Bradley in the second quarter valued at $81,000. Finally, Renaissance Technologies LLC raised its position in Vera Bradley by 13.9% in the second quarter. Renaissance Technologies LLC now owns 445,840 shares of the textile maker’s stock valued at $2,791,000 after purchasing an additional 54,300 shares during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Trading Down 1.5 %

VRA stock opened at $5.17 on Monday. Vera Bradley, Inc. has a 12-month low of $4.38 and a 12-month high of $8.35. The company has a market capitalization of $145.95 million, a PE ratio of 172.33 and a beta of 1.89. The business’s fifty day moving average price is $5.22 and its 200 day moving average price is $6.12.

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