Dalton Greiner Hartman Maher & Co. boosted its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,643 shares of the textile maker’s stock after purchasing an additional 68,020 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Vera Bradley were worth $6,380,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its holdings in Vera Bradley by 871.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,546 shares of the textile maker’s stock worth $75,000 after purchasing an additional 6,769 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in Vera Bradley during the 1st quarter worth about $100,000. Mason Street Advisors LLC increased its holdings in Vera Bradley by 14.8% during the 3rd quarter. Mason Street Advisors LLC now owns 8,016 shares of the textile maker’s stock worth $81,000 after purchasing an additional 1,033 shares in the last quarter. Raymond James Trust N.A. bought a new position in Vera Bradley during the 3rd quarter worth about $111,000. Finally, Algert Global LLC bought a new position in Vera Bradley during the 2nd quarter worth about $168,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.
In related news, major shareholder B. Baekgaard 2009 Gran Barbara sold 27,875 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $11.42, for a total value of $318,332.50. Following the completion of the sale, the insider now directly owns 2,374,628 shares in the company, valued at approximately $27,118,251.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director P. Michael Miller bought 883,340 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of $11.75 per share, with a total value of $10,379,245.00. Following the completion of the purchase, the director now directly owns 3,907,467 shares in the company, valued at approximately $45,912,737.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 102,067 shares of company stock valued at $1,123,934. Company insiders own 27.30% of the company’s stock.
A number of equities analysts have issued reports on VRA shares. ValuEngine cut Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Friday, December 13th. Cowen upgraded shares of Vera Bradley from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $14.00 in a research note on Tuesday, December 17th. BidaskClub downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, December 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.
Vera Bradley stock opened at $11.15 on Thursday. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $10.89. Vera Bradley, Inc. has a one year low of $8.41 and a one year high of $14.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 0.82. The company has a market cap of $376.03 million, a price-to-earnings ratio of 18.90 and a beta of 0.85.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Vera Bradley had a net margin of 2.67% and a return on equity of 7.46%. The company had revenue of $127.50 million during the quarter, compared to the consensus estimate of $124.48 million. During the same period in the prior year, the business posted $0.12 EPS. The company’s quarterly revenue was up 30.5% on a year-over-year basis. As a group, sell-side analysts expect that Vera Bradley, Inc. will post 0.92 earnings per share 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 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.
Read More: Investing in Dividend Stocks
Want to see what other hedge funds are holding VRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vera Bradley, Inc. (NASDAQ:VRA).
Receive News & Ratings for Vera Bradley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vera Bradley and related companies with MarketBeat.com's FREE daily email newsletter.