Davis R M Inc. Takes $109,000 Position in Vera Bradley, Inc. (NASDAQ:VRA)

Davis R M Inc. bought a new position in Vera Bradley, Inc. (NASDAQ:VRA) in the third quarter, Holdings Channel reports. The firm bought 20,000 shares of the textile maker’s stock, valued at approximately $109,000.

Several other large investors also recently bought and sold shares of VRA. Royce & Associates LP lifted its position in Vera Bradley by 18.6% during the 3rd quarter. Royce & Associates LP now owns 1,592,165 shares of the textile maker’s stock worth $8,693,000 after acquiring an additional 249,630 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Vera Bradley by 37.9% during the second quarter. AQR Capital Management LLC now owns 500,578 shares of the textile maker’s stock worth $3,134,000 after purchasing an additional 137,552 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vera Bradley by 23.2% during the second quarter. American Century Companies Inc. now owns 385,521 shares of the textile maker’s stock worth $2,413,000 after purchasing an additional 72,642 shares during the period. Dimensional Fund Advisors LP boosted its position in Vera Bradley by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,474,763 shares of the textile maker’s stock valued at $9,232,000 after buying an additional 64,624 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Vera Bradley by 13.9% in the 2nd quarter. Renaissance Technologies LLC now owns 445,840 shares of the textile maker’s stock worth $2,791,000 after buying an additional 54,300 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Vera Bradley Trading Up 6.9 %

VRA opened at $5.58 on Tuesday. The firm has a 50 day moving average of $5.26 and a two-hundred day moving average of $6.04. The firm has a market capitalization of $157.52 million, a PE ratio of 186.00 and a beta of 1.89. Vera Bradley, Inc. has a 12-month low of $4.38 and a 12-month high of $8.32.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. The business had revenue of $110.82 million for the quarter, compared to analyst estimates of $129.53 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, analysts predict that Vera Bradley, Inc. will post 0.1 EPS for the current fiscal year.

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 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.