Vera Bradley, Inc. (VRA) Position Lessened by Credit Suisse AG
Credit Suisse AG lowered its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 41.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,765 shares of the textile maker’s stock after selling 15,530 shares during the quarter. Credit Suisse AG owned approximately 0.06% of Vera Bradley worth $202,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in VRA. Renaissance Technologies LLC increased its position in Vera Bradley by 35.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,891,800 shares of the textile maker’s stock valued at $17,613,000 after acquiring an additional 498,950 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vera Bradley by 17.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,812,721 shares of the textile maker’s stock valued at $16,876,000 after acquiring an additional 272,520 shares in the last quarter. Vanguard Group Inc. increased its position in Vera Bradley by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock valued at $16,215,000 after acquiring an additional 194,971 shares in the last quarter. Bank of New York Mellon Corp increased its position in Vera Bradley by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,190,086 shares of the textile maker’s stock valued at $11,079,000 after acquiring an additional 186,986 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Vera Bradley by 100.2% in the 1st quarter. Citadel Advisors LLC now owns 269,834 shares of the textile maker’s stock valued at $2,512,000 after acquiring an additional 135,072 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.
Shares of Vera Bradley, Inc. (VRA) traded down 3.97% during midday trading on Friday, hitting $8.46. 291,087 shares of the stock traded hands. Vera Bradley, Inc. has a 52 week low of $7.70 and a 52 week high of $16.25. The firm’s 50-day moving average is $9.63 and its 200 day moving average is $9.20. The company has a market capitalization of $305.86 million, a price-to-earnings ratio of 23.24 and a beta of 0.90.
Vera Bradley (NASDAQ:VRA) last released its earnings results on Wednesday, August 30th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $112.42 million during the quarter, compared to the consensus estimate of $111.72 million. Vera Bradley had a net margin of 2.21% and a return on equity of 6.64%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities analysts forecast that Vera Bradley, Inc. will post $0.47 earnings per share for the current year.
In other Vera Bradley news, major shareholder Michael C. Ray sold 237,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $8.23, for a total transaction of $1,954,625.00. Following the completion of the sale, the insider now owns 120,712 shares of the company’s stock, valued at approximately $993,459.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 40.90% of the company’s stock.
Several equities research analysts have weighed in on the stock. BidaskClub cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $10.00 price target on shares of Vera Bradley in a research report on Friday, July 14th. KeyCorp reiterated a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. Finally, FBR & Co set a $12.00 price target on shares of Vera Bradley and gave the stock a “buy” rating in a research report on Monday, August 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.60.
Vera Bradley Company Profile
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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