Landscape Capital Management L.L.C. Decreases Stock Position in Vera Bradley, Inc. (NASDAQ:VRA)

Landscape Capital Management L.L.C. lessened its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 184,364 shares of the textile maker’s stock after selling 41,228 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.54% of Vera Bradley worth $2,212,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VRA. Quantamental Technologies LLC bought a new position in Vera Bradley in the 1st quarter valued at $32,000. Aperio Group LLC bought a new position in Vera Bradley in the 2nd quarter valued at $37,000. Sterling Investment Advisors Ltd. bought a new position in Vera Bradley in the 2nd quarter valued at $48,000. BNP Paribas Arbitrage SA grew its position in Vera Bradley by 67.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,744 shares of the textile maker’s stock valued at $63,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in Vera Bradley in the 1st quarter valued at $100,000. Institutional investors own 66.45% of the company’s stock.

Shares of VRA traded up $0.17 during midday trading on Friday, reaching $10.17. 8,670 shares of the stock were exchanged, compared to its average volume of 220,708. Vera Bradley, Inc. has a 52 week low of $7.94 and a 52 week high of $17.38. The company has a current ratio of 4.15, a quick ratio of 2.53 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $11.30 and its two-hundred day moving average is $11.35. The company has a market capitalization of $393.80 million, a P/E ratio of 17.27 and a beta of 0.83.

Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings results on Wednesday, June 5th. The textile maker reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Vera Bradley had a return on equity of 6.76% and a net margin of 4.69%. The business had revenue of $91.00 million for the quarter, compared to the consensus estimate of $87.95 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The business’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Vera Bradley, Inc. will post 0.7 EPS for the current year.

Several equities analysts have commented on the company. 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. BidaskClub raised Vera Bradley from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine downgraded Vera Bradley from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $11.50.

In related 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 transaction 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 at the SEC website. 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 have sold a total of 203,000 shares of company stock valued at $2,289,875 over the last 90 days. 27.30% of the stock is currently owned by company insiders.

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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