Jane Street Group LLC purchased a new stake in shares of Vera Bradley (NASDAQ:VRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,726 shares of the textile maker’s stock, valued at approximately $289,000. Jane Street Group LLC owned approximately 0.07% of Vera Bradley at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VRA. Russell Investments Group Ltd. raised its holdings in shares of Vera Bradley by 36.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 91,632 shares of the textile maker’s stock valued at $807,000 after purchasing an additional 24,373 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Vera Bradley by 7.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 125,555 shares of the textile maker’s stock valued at $1,106,000 after purchasing an additional 8,175 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Vera Bradley during the 3rd quarter valued at $255,000. Wells Fargo & Company MN raised its holdings in shares of Vera Bradley by 59.5% during the 3rd quarter. Wells Fargo & Company MN now owns 23,864 shares of the textile maker’s stock valued at $211,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Vera Bradley by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,530,562 shares of the textile maker’s stock valued at $22,294,000 after purchasing an additional 303,858 shares in the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.

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Shares of VRA opened at $10.96 on Tuesday. The firm has a market capitalization of $387.88, a P/E ratio of 18.27, a PEG ratio of 5.29 and a beta of 0.66. Vera Bradley has a one year low of $6.99 and a one year high of $12.83.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $132.00 million for the quarter, compared to the consensus estimate of $130.02 million. Vera Bradley had a net margin of 1.54% and a return on equity of 7.66%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. analysts expect that Vera Bradley will post 0.41 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. BidaskClub upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Cowen set a $10.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a report on Wednesday, March 14th. Robert W. Baird set a $11.00 target price on shares of Vera Bradley and gave the stock a “hold” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research downgraded shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Vera Bradley has a consensus rating of “Hold” and a consensus target price of $10.40.

In other Vera Bradley news, major shareholder James Bradley Byrne sold 1,232,605 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $9.73, for a total value of $11,993,246.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Hall sold 1,200,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $9.73, for a total transaction of $11,676,000.00. Following the completion of the sale, the director now owns 63,593 shares in the company, valued at $618,759.89. The disclosure for this sale can be found here. Company insiders own 39.60% of the company’s stock.

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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 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.

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

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