Royce & Associates LP Boosts Stock Position in Vera Bradley, Inc. (NASDAQ:VRA)

Royce & Associates LP raised its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 18.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,592,165 shares of the textile maker’s stock after acquiring an additional 249,630 shares during the quarter. Royce & Associates LP owned 0.06% of Vera Bradley worth $8,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Vera Bradley by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,763 shares of the textile maker’s stock worth $9,232,000 after buying an additional 64,624 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Vera Bradley by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,345,550 shares of the textile maker’s stock worth $9,150,000 after buying an additional 6,723 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Vera Bradley by 17.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,013,292 shares of the textile maker’s stock worth $6,889,000 after buying an additional 151,969 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Vera Bradley by 37.9% during the 2nd quarter. AQR Capital Management LLC now owns 500,578 shares of the textile maker’s stock worth $3,134,000 after buying an additional 137,552 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Vera Bradley by 13.9% during 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 in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

Vera Bradley Trading Down 1.5 %

Shares of VRA stock opened at $5.17 on Monday. The company has a market cap of $145.95 million, a price-to-earnings ratio of 172.33 and a beta of 1.89. The stock has a 50 day simple moving average of $5.22 and a 200-day simple moving average of $6.12. Vera Bradley, Inc. has a 12-month low of $4.38 and a 12-month high of $8.35.

Vera Bradley (NASDAQ:VRA) last issued 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). The business had revenue of $110.82 million for the quarter, compared to analysts’ expectations of $129.53 million. Vera Bradley had a return on equity of 2.75% and a net margin of 0.19%. During the same period last year, the company posted $0.33 earnings per share. On average, equities analysts forecast that Vera Bradley, Inc. will post 0.1 earnings per share for the current fiscal year.

Vera Bradley 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.