Vera Bradley, Inc. (VRA) Holdings Increased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan lifted its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,570 shares of the textile maker’s stock after buying an additional 10,590 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Vera Bradley were worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. raised its holdings in shares of Vera Bradley by 47.8% during the 4th quarter. Macquarie Group Ltd. now owns 42,700 shares of the textile maker’s stock valued at $520,000 after buying an additional 13,800 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Vera Bradley during the 4th quarter valued at about $289,000. Millennium Management LLC raised its holdings in shares of Vera Bradley by 455.8% during the 4th quarter. Millennium Management LLC now owns 59,182 shares of the textile maker’s stock valued at $721,000 after buying an additional 48,534 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Vera Bradley during the 4th quarter valued at about $217,000. Finally, Two Sigma Investments LP raised its holdings in shares of Vera Bradley by 205.6% during the 4th quarter. Two Sigma Investments LP now owns 227,837 shares of the textile maker’s stock valued at $2,775,000 after buying an additional 153,278 shares in the last quarter. 62.58% of the stock is currently owned by institutional investors.

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A number of equities analysts have commented on the company. BidaskClub raised Vera Bradley from a “hold” rating to a “buy” rating in a research note on Thursday. Cowen set a $10.00 price target on Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, Zacks Investment Research cut Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Vera Bradley currently has a consensus rating of “Hold” and an average price target of $10.50.

In other news, Director Robert J. Hall sold 1,200,000 shares of Vera Bradley stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,676,000.00. Following the sale, the director now directly owns 63,593 shares in the company, valued at approximately $618,759.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James Bradley Byrne sold 1,232,605 shares of Vera Bradley stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $9.73, for a total value of $11,993,246.65. The disclosure for this sale can be found here. 39.60% of the stock is owned by insiders.

Vera Bradley stock opened at $10.19 on Friday. The company has a market capitalization of $361.57, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 4.94 and a beta of 0.69. Vera Bradley, Inc. has a 12 month low of $6.99 and a 12 month high of $12.83.

Vera Bradley (NASDAQ:VRA) last announced its quarterly earnings results on Wednesday, March 14th. The textile maker reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $130.02 million. Vera Bradley had a return on equity of 7.66% and a net margin of 1.54%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. analysts predict that Vera Bradley, Inc. will post 0.41 EPS for the current year.

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Vera Bradley Profile

Vera Bradley, Inc (Vera Bradley) 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. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.

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

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