Royal Bank of Canada lifted its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 23.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,475 shares of the textile maker’s stock after acquiring an additional 3,701 shares during the period. Royal Bank of Canada owned 0.06% of Vera Bradley worth $80,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in VRA. Metropolitan Life Insurance Co NY bought a new position in shares of Vera Bradley during the first quarter worth about $100,000. Victory Capital Management Inc. grew its position in Vera Bradley by 67.4% in the 4th quarter. Victory Capital Management Inc. now owns 31,366 shares of the textile maker’s stock valued at $370,000 after buying an additional 12,626 shares in the last quarter. UBS Group AG grew its position in Vera Bradley by 164.8% in the 4th quarter. UBS Group AG now owns 28,281 shares of the textile maker’s stock valued at $334,000 after buying an additional 17,602 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Vera Bradley by 33.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 92,050 shares of the textile maker’s stock valued at $1,086,000 after buying an additional 23,211 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Vera Bradley by 19.0% in the 1st quarter. State of Alaska Department of Revenue now owns 21,077 shares of the textile maker’s stock valued at $86,000 after buying an additional 3,369 shares in the last quarter. Institutional investors and hedge funds own 61.23% of the company’s stock.
Shares of NASDAQ VRA opened at $4.39 on Friday. Vera Bradley, Inc. has a twelve month low of $3.12 and a twelve month high of $12.75. The company has a current ratio of 3.78, a quick ratio of 1.86 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $142.21 million, a price-to-earnings ratio of 7.63 and a beta of 1.53. The firm has a 50-day moving average of $4.51 and a two-hundred day moving average of $6.19.
A number of brokerages recently issued reports on VRA. Zacks Investment Research lowered shares of Vera Bradley from a “hold” rating to a “sell” rating in a research report on Thursday, June 25th. ValuEngine upgraded shares of Vera Bradley from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.
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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