California State Teachers Retirement System cut its position in Vera Bradley Inc. (NASDAQ:VRA) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,518 shares of the company’s stock after selling 2,496 shares during the period. California State Teachers Retirement System owned 0.11% of Vera Bradley worth $602,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. acquired a new position in shares of Vera Bradley during the second quarter valued at about $142,000. New York State Teachers Retirement System boosted its position in shares of Vera Bradley by 43.6% in the second quarter. New York State Teachers Retirement System now owns 10,532 shares of the company’s stock valued at $149,000 after buying an additional 3,200 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Vera Bradley during the second quarter valued at about $167,000. Arizona State Retirement System acquired a new position in shares of Vera Bradley during the first quarter valued at about $214,000. Finally, HBK Investments L P acquired a new position in shares of Vera Bradley during the first quarter valued at about $228,000. 55.34% of the stock is owned by institutional investors and hedge funds.
Shares of Vera Bradley Inc. (NASDAQ:VRA) traded down 2.49% during mid-day trading on Thursday, hitting $14.88. 312,942 shares of the stock traded hands. The firm has a market cap of $544.38 million, a price-to-earnings ratio of 16.78 and a beta of 1.28. Vera Bradley Inc. has a 12-month low of $10.41 and a 12-month high of $20.69. The firm’s 50 day moving average price is $15.56 and its 200 day moving average price is $15.82.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm earned $119.20 million during the quarter. Vera Bradley had a net margin of 6.63% and a return on equity of 12.34%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities research analysts predict that Vera Bradley Inc. will post $0.90 EPS for the current fiscal year.
A number of research firms have weighed in on VRA. Wunderlich cut their price objective on shares of Vera Bradley from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Zacks Investment Research cut shares of Vera Bradley from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Cowen and Company reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Vera Bradley in a report on Sunday, September 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of Vera Bradley in a report on Sunday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Vera Bradley has a consensus rating of “Hold” and an average price target of $18.75.
In related news, major shareholder Michael C. Ray sold 10,800 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $15.97, for a total transaction of $172,476.00. Following the completion of the sale, the insider now owns 285,462 shares in the company, valued at approximately $4,558,828.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Michael C. Ray sold 1,600 shares of the stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.71, for a total transaction of $25,136.00. Following the sale, the insider now owns 282,262 shares of the company’s stock, valued at approximately $4,434,336.02. The disclosure for this sale can be found here. Corporate insiders own 40.90% of the company’s stock.
About Vera Bradley
Vera Bradley, Inc 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. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters.
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