Los Angeles Capital Management & Equity Research Inc. Raises Holdings in Vera Bradley, Inc. (VRA)
Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 18.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 51,148 shares of the textile maker’s stock after purchasing an additional 8,010 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Vera Bradley were worth $438,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Think Investments LP purchased a new stake in shares of Vera Bradley in the third quarter valued at about $6,193,000. Matarin Capital Management LLC purchased a new stake in shares of Vera Bradley in the third quarter valued at about $6,174,000. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Vera Bradley in the fourth quarter valued at about $3,340,000. BlackRock Inc. boosted its holdings in shares of Vera Bradley by 9.9% in the third quarter. BlackRock Inc. now owns 3,251,416 shares of the textile maker’s stock valued at $49,616,000 after acquiring an additional 291,795 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Vera Bradley by 44.9% in the fourth quarter. Acadian Asset Management LLC now owns 841,272 shares of the textile maker’s stock valued at $7,209,000 after acquiring an additional 260,532 shares in the last quarter. 70.48% of the stock is currently owned by institutional investors.
VRA stock opened at $14.01 on Friday. The stock has a market cap of $387.58 million, a P/E ratio of 23.35 and a beta of 0.69. Vera Bradley, Inc. has a 52 week low of $7.94 and a 52 week high of $17.38.
A number of analysts recently commented on the stock. ValuEngine downgraded shares of Vera Bradley from a “buy” rating to a “hold” rating in a report on Friday, November 16th. BidaskClub downgraded shares of Vera Bradley from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 20th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective (down previously from $14.00) on shares of Vera Bradley in a report on Thursday, December 13th. Finally, TheStreet downgraded shares of Vera Bradley from a “b-” rating to a “c” rating in a report on Thursday, December 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $15.00.
In other Vera Bradley news, major shareholder B. Baekgaard 2009 Gran Barbara sold 35,000 shares of Vera Bradley stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.30, for a total transaction of $360,500.00. Following the completion of the transaction, the insider now owns 2,775,469 shares in the company, valued at $28,587,330.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Anne Marie Ray sold 14,189 shares of Vera Bradley stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $8.31, for a total transaction of $117,910.59. Following the transaction, the insider now owns 46,163 shares of the company’s stock, valued at approximately $383,614.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,889 shares of company stock valued at $2,962,895. 30.10% of the stock is currently owned by company insiders.
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 two segments, Direct and Indirect. The company offers totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including wallets, wristlets, eyeglass cases, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.
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