Bailard Inc. Takes $137,000 Position in Vera Bradley, Inc. (NASDAQ:VRA)

Bailard Inc. acquired a new stake in Vera Bradley, Inc. (NASDAQ:VRA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,900 shares of the textile maker’s stock, valued at approximately $137,000. Bailard Inc. owned approximately 0.07% of Vera Bradley as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Fund 1 Investments LLC grew its holdings in shares of Vera Bradley by 93.6% in the 4th quarter. Fund 1 Investments LLC now owns 1,762,471 shares of the textile maker’s stock worth $13,571,000 after purchasing an additional 852,330 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Vera Bradley by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,345,550 shares of the textile maker’s stock worth $9,150,000 after purchasing an additional 6,723 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Vera Bradley by 17.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,013,292 shares of the textile maker’s stock worth $6,889,000 after purchasing an additional 151,969 shares during the last quarter. Gate City Capital Management LLC bought a new stake in shares of Vera Bradley in the 4th quarter worth about $4,281,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Vera Bradley by 14.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 550,764 shares of the textile maker’s stock worth $3,745,000 after acquiring an additional 68,500 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Vera Bradley from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 13th.

Vera Bradley Stock Down 1.5 %

Shares of NASDAQ:VRA opened at $5.73 on Wednesday. Vera Bradley, Inc. has a 12 month low of $5.45 and a 12 month high of $8.35. The company’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.79. The firm has a market cap of $168.97 million, a P/E ratio of 40.93 and a beta of 1.91.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.32). Vera Bradley had a return on equity of 5.17% and a net margin of 0.96%. The company had revenue of $80.60 million for the quarter, compared to the consensus estimate of $94.76 million. As a group, equities analysts predict that Vera Bradley, Inc. will post 0.58 earnings per share for the current fiscal year.

About Vera Bradley

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.