Short Interest in Vera Bradley, Inc. (VRA) Declines By 25.9%
Vera Bradley, Inc. (NASDAQ:VRA) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,283,700 shares, a drop of 25.9% from the November 15th total of 5,778,653 shares. Approximately 21.0% of the shares of the company are short sold. Based on an average daily volume of 373,021 shares, the days-to-cover ratio is presently 11.5 days.
In other news, EVP Kimberly F. Colby sold 170,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $8.47, for a total transaction of $1,439,900.00. Following the completion of the transaction, the executive vice president now owns 21,655 shares in the company, valued at approximately $183,417.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in shares of Vera Bradley by 14.9% during the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock valued at $9,438,000 after acquiring an additional 125,051 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock valued at $21,776,000 after buying an additional 413,983 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vera Bradley by 20.6% during the 1st quarter. Morgan Stanley now owns 135,331 shares of the textile maker’s stock valued at $1,259,000 after buying an additional 23,101 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vera Bradley by 20.4% during the 1st quarter. Geode Capital Management LLC now owns 201,508 shares of the textile maker’s stock valued at $1,875,000 after buying an additional 34,134 shares in the last quarter. Finally, AHL Partners LLP raised its holdings in shares of Vera Bradley by 133.2% during the 2nd quarter. AHL Partners LLP now owns 39,394 shares of the textile maker’s stock valued at $385,000 after buying an additional 22,500 shares in the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.
Shares of Vera Bradley (VRA) opened at $11.79 on Friday. The stock has a market capitalization of $415.50, a PE ratio of 21.29, a PEG ratio of 2.04 and a beta of 1.10. Vera Bradley has a 12-month low of $6.99 and a 12-month high of $12.84.
Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, December 6th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. The firm had revenue of $114.10 million during the quarter, compared to the consensus estimate of $114.55 million. Vera Bradley had a return on equity of 7.06% and a net margin of 0.43%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. equities analysts expect that Vera Bradley will post 0.57 earnings per share for the current year.
Several research firms have recently weighed in on VRA. Robert W. Baird set a $11.00 price target on Vera Bradley and gave the stock a “hold” rating in a research note on Thursday, December 7th. BidaskClub downgraded Vera Bradley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. FBR & Co set a $12.00 target price on Vera Bradley and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp restated a “hold” rating on shares of Vera Bradley in a research note on Friday, August 25th. Finally, Jefferies Group restated a “hold” rating and issued a $11.00 target price on shares of Vera Bradley in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.86.
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Vera Bradley Company 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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