Ritholtz Wealth Management Trims Holdings in Vera Bradley, Inc. (NASDAQ:VRA)

Ritholtz Wealth Management cut its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,174 shares of the textile maker’s stock after selling 12,327 shares during the quarter. Ritholtz Wealth Management owned about 0.21% of Vera Bradley worth $395,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Fund 1 Investments LLC grew its position in shares of Vera Bradley by 93.6% in the fourth quarter. Fund 1 Investments LLC now owns 1,762,471 shares of the textile maker’s stock valued at $13,571,000 after purchasing an additional 852,330 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Vera Bradley by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,345,550 shares of the textile maker’s stock valued at $9,150,000 after purchasing an additional 6,723 shares in the last quarter. Acadian Asset Management LLC grew its position in Vera Bradley by 17.6% during the first 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. Gate City Capital Management LLC purchased a new position in Vera Bradley during the fourth quarter worth about $4,281,000. Finally, Hillsdale Investment Management Inc. grew its position in Vera Bradley by 14.2% during the first quarter. Hillsdale Investment Management Inc. now owns 550,764 shares of the textile maker’s stock worth $3,745,000 after buying an additional 68,500 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Stock Down 0.4 %

Vera Bradley stock opened at $5.31 on Friday. The business has a 50-day simple moving average of $6.15 and a 200 day simple moving average of $6.70. The stock has a market cap of $156.58 million, a price-to-earnings ratio of 37.93 and a beta of 1.89. Vera Bradley, Inc. has a 52 week low of $5.26 and a 52 week high of $8.35.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results 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 net margin of 0.96% and a return on equity of 5.17%. The business had revenue of $80.60 million for the quarter, compared to the consensus estimate of $94.76 million. On average, research analysts anticipate that Vera Bradley, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

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

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.