Vera Bradley, Inc. (VRA) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 271,346 shares of the textile maker’s stock after buying an additional 33,780 shares during the period. Bank of New York Mellon Corp owned 0.77% of Vera Bradley worth $4,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Vera Bradley by 10.3% during the second quarter. BlackRock Inc. now owns 2,959,621 shares of the textile maker’s stock valued at $41,553,000 after buying an additional 276,112 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Vera Bradley by 851.4% during the second quarter. Bank of America Corp DE now owns 61,147 shares of the textile maker’s stock valued at $859,000 after buying an additional 54,720 shares during the last quarter. Millennium Management LLC grew its stake in shares of Vera Bradley by 156.6% during the second quarter. Millennium Management LLC now owns 131,426 shares of the textile maker’s stock valued at $1,845,000 after buying an additional 80,203 shares during the last quarter. Northern Trust Corp grew its stake in shares of Vera Bradley by 11.4% during the second quarter. Northern Trust Corp now owns 269,660 shares of the textile maker’s stock valued at $3,786,000 after buying an additional 27,581 shares during the last quarter. Finally, Bowling Portfolio Management LLC bought a new position in shares of Vera Bradley during the third quarter valued at approximately $1,946,000. 73.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:VRA opened at $9.08 on Friday. Vera Bradley, Inc. has a 52-week low of $7.94 and a 52-week high of $17.38. The company has a market capitalization of $315.82 million, a P/E ratio of 15.13 and a beta of 0.72.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, December 12th. The textile maker reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $101.68 million. Vera Bradley had a return on equity of 8.30% and a net margin of 4.80%. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. On average, analysts expect that Vera Bradley, Inc. will post 0.57 EPS for the current year.

Several brokerages recently issued reports on VRA. BidaskClub raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Vera Bradley from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. TheStreet cut Vera Bradley from a “b-” rating to a “c” rating in a research note on Thursday, December 13th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price objective (down previously from $14.00) on shares of Vera Bradley in a research note on Thursday, December 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Vera Bradley presently has a consensus rating of “Hold” and a consensus target price of $12.75.

In related news, insider Robert Wallstrom bought 8,770 shares of the stock in a transaction on Friday, December 14th. The stock was bought at an average price of $8.52 per share, for a total transaction of $74,720.40. Following the completion of the acquisition, the insider now directly owns 223,654 shares in the company, valued at $1,905,532.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Anne Marie Ray sold 14,189 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $9.36, for a total value of $132,809.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,507 shares of company stock valued at $2,071,614. 30.10% of the stock is owned by company insiders.

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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.

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

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