Sterling Investment Advisors Ltd. acquired a new position in Vera Bradley, Inc. (NASDAQ:VRA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,000 shares of the textile maker’s stock, valued at approximately $48,000.

A number of other large investors have also recently added to or reduced their stakes in VRA. Quantamental Technologies LLC bought a new position in shares of Vera Bradley during the 1st quarter valued at approximately $32,000. Aperio Group LLC bought a new position in shares of Vera Bradley during the 2nd quarter valued at approximately $37,000. BNP Paribas Arbitrage SA increased its position in shares of Vera Bradley by 67.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,744 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 1,907 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Vera Bradley during the 1st quarter valued at approximately $100,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Vera Bradley during the 2nd quarter valued at approximately $137,000. 66.70% of the stock is currently owned by institutional investors and hedge funds.

In other Vera Bradley news, major shareholder Michael C. Ray sold 31,500 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $10.95, for a total value of $344,925.00. Following the completion of the sale, the insider now directly owns 114,627 shares in the company, valued at approximately $1,255,165.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anne Marie Ray sold 70,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $11.57, for a total value of $809,900.00. The disclosure for this sale can be found here. Insiders sold a total of 205,276 shares of company stock worth $2,314,251 in the last ninety days. 27.30% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on VRA shares. ValuEngine downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Zacks Investment Research reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Vera Bradley in a research report on Saturday, June 15th. Finally, BidaskClub downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.50.

Vera Bradley stock traded down $0.52 during mid-day trading on Friday, hitting $9.74. The company’s stock had a trading volume of 246,826 shares, compared to its average volume of 238,980. The company has a 50 day moving average of $11.05 and a 200-day moving average of $11.35. The stock has a market cap of $351.04 million, a PE ratio of 18.32 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.53 and a current ratio of 4.15. Vera Bradley, Inc. has a one year low of $7.94 and a one year high of $17.38.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings data on Wednesday, June 5th. The textile maker reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The company had revenue of $91.00 million for the quarter, compared to the consensus estimate of $87.95 million. Vera Bradley had a return on equity of 6.76% and a net margin of 4.69%. Vera Bradley’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, equities research analysts forecast that Vera Bradley, Inc. will post 0.7 EPS for the current fiscal year.

Vera Bradley 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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