Alliancebernstein L.P. held its position in shares of Vera Bradley, Inc. (NASDAQ:VRA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,100 shares of the textile maker’s stock at the end of the 2nd quarter. Alliancebernstein L.P.’s holdings in Vera Bradley were worth $167,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in Vera Bradley by 20.6% in 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 during the period. Geode Capital Management LLC grew its stake 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 worth $1,875,000 after purchasing an additional 34,134 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Vera Bradley by 25.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,259 shares of the textile maker’s stock worth $658,000 after purchasing an additional 13,700 shares during the period. Systematic Financial Management LP grew its stake in shares of Vera Bradley by 31.9% during the 2nd quarter. Systematic Financial Management LP now owns 192,985 shares of the textile maker’s stock worth $1,887,000 after purchasing an additional 46,625 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Vera Bradley by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,812,721 shares of the textile maker’s stock worth $16,876,000 after purchasing an additional 272,520 shares during the period. Hedge funds and other institutional investors own 59.26% of the company’s stock.
Vera Bradley, Inc. (NASDAQ VRA) opened at $7.52 on Wednesday. Vera Bradley, Inc. has a 1-year low of $6.99 and a 1-year high of $15.86. The company has a market cap of $270.46, a P/E ratio of 14.40, a P/E/G ratio of 1.59 and a beta of 1.01.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. FBR & Co set a $12.00 target price on shares of Vera Bradley and gave the company a “buy” rating in a report on Monday, August 28th. Jefferies Group LLC restated a “hold” rating and issued a $11.00 target price on shares of Vera Bradley in a report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Vera Bradley in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of Vera Bradley from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Vera Bradley presently has a consensus rating of “Hold” and an average price target of $10.33.
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In related news, EVP Kimberly F. Colby sold 170,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 21,655 shares in the company, valued at $183,417.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Michael C. Ray sold 237,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $8.23, for a total value of $1,954,625.00. Following the transaction, the insider now owns 120,712 shares in the company, valued at $993,459.76. The disclosure for this sale can be found here. 39.60% of the stock is currently owned by company insiders.
Vera Bradley 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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