Williams & Novak LLC Buys 6,565 Shares of Vera Bradley, Inc. $VRA

Williams & Novak LLC raised its stake in Vera Bradley, Inc. (NASDAQ:VRAFree Report) by 48.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,170 shares of the textile maker’s stock after acquiring an additional 6,565 shares during the quarter. Williams & Novak LLC owned about 0.07% of Vera Bradley worth $45,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Peapod Lane Capital LLC raised its holdings in Vera Bradley by 87.6% in the 1st quarter. Peapod Lane Capital LLC now owns 870,156 shares of the textile maker’s stock valued at $1,958,000 after acquiring an additional 406,333 shares during the period. SummerHaven Investment Management LLC raised its holdings in Vera Bradley by 5.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock valued at $305,000 after acquiring an additional 7,478 shares during the period. Bank of New York Mellon Corp raised its holdings in Vera Bradley by 12.9% in the 1st quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 7,747 shares during the period. Nuveen LLC bought a new position in shares of Vera Bradley during the first quarter worth approximately $110,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Vera Bradley during the first quarter worth approximately $29,000. 59.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Small Cap Consu raised shares of Vera Bradley to a “hold” rating in a report on Monday, August 18th. Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Bradley in a report on Wednesday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vera Bradley presently has an average rating of “Reduce”.

Get Our Latest Stock Analysis on Vera Bradley

Vera Bradley Stock Performance

Shares of NASDAQ:VRA opened at $1.99 on Friday. The company’s 50 day simple moving average is $2.06 and its 200 day simple moving average is $2.10. The stock has a market capitalization of $55.60 million, a price-to-earnings ratio of -0.57 and a beta of 1.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. Vera Bradley, Inc. has a 1 year low of $1.71 and a 1 year high of $5.99.

Vera Bradley (NASDAQ:VRAGet Free Report) last announced its quarterly earnings data on Thursday, September 11th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $70.86 million for the quarter, compared to analysts’ expectations of $78.52 million. Vera Bradley had a negative net margin of 32.31% and a negative return on equity of 15.27%. During the same period last year, the firm posted $0.13 earnings per share. As a group, research analysts predict that Vera Bradley, Inc. will post -0.25 EPS for the current fiscal year.

About Vera Bradley

(Free Report)

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 three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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

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