State Board of Administration of Florida Retirement System raised its position in Vera Bradley Inc. (NASDAQ:VRA) by 8.9% during the second quarter, Holdings Channel reports. The firm owned 19,743 shares of the company’s stock after buying an additional 1,608 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of Vera Bradley worth $280,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in 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 worth $149,000 after buying an additional 3,200 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in Vera Bradley during the second quarter worth approximately $142,000. HBK Investments L P purchased a new stake in Vera Bradley during the first quarter worth approximately $228,000. Old Mutual Global Investors UK Ltd. boosted its stake in Vera Bradley by 24.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 58,135 shares of the company’s stock worth $823,000 after buying an additional 11,594 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Vera Bradley during the second quarter worth approximately $167,000. Institutional investors and hedge funds own 55.34% of the company’s stock.
Shares of Vera Bradley Inc. (NASDAQ:VRA) traded up 0.70% during mid-day trading on Friday, hitting $14.39. 286,111 shares of the stock traded hands. The firm has a 50 day moving average of $15.50 and a 200 day moving average of $15.63. The stock has a market cap of $526.46 million, a price-to-earnings ratio of 16.22 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.
Vera Bradley (NASDAQ:VRA) last posted its quarterly earnings data on Thursday, September 1st. The company reported $0.14 EPS for the quarter, topping the 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 company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. On average, equities analysts expect that Vera Bradley Inc. will post $0.90 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Wunderlich dropped their target price on shares of Vera Bradley from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. KeyCorp restated a “hold” rating on shares of Vera Bradley in a report on Thursday, October 6th. Cowen and Company restated a “market perform” rating and issued a $18.00 target price on shares of Vera Bradley in a report on Sunday, September 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $18.00 target price on shares of Vera Bradley in a report on Sunday, September 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Vera Bradley presently has an average rating of “Hold” and an average target price of $18.75.
In other news, major shareholder Michael C. Ray sold 1,600 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $15.71, for a total value of $25,136.00. Following the sale, the insider now directly owns 282,262 shares of the company’s stock, valued at approximately $4,434,336.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Michael C. Ray sold 10,800 shares of the company’s 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 directly owns 285,462 shares in the company, valued at $4,558,828.14. The disclosure for this sale can be found here. Corporate insiders own 40.90% of the company’s stock.
Vera Bradley Company Profile
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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