Marquette Asset Management LLC Raises Stake in Vera Bradley, Inc. (NASDAQ:VRA)

Marquette Asset Management LLC grew its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,406 shares of the textile maker’s stock after acquiring an additional 4,824 shares during the quarter. Marquette Asset Management LLC owned 0.16% of Vera Bradley worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VRA. Gate City Capital Management LLC bought a new position in shares of Vera Bradley during the fourth quarter valued at about $4,281,000. Acadian Asset Management LLC increased its stake in 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 period. Wellington Management Group LLP bought a new stake in Vera Bradley in the fourth quarter valued at approximately $3,672,000. Vanguard Group Inc. boosted its stake in shares of Vera Bradley by 0.5% during 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 during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Vera Bradley in the first quarter worth approximately $101,000. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Price Performance

NASDAQ VRA opened at $5.09 on Wednesday. The business’s 50-day moving average is $5.59 and its 200 day moving average is $6.38. The stock has a market capitalization of $143.69 million, a PE ratio of 36.36 and a beta of 1.88. Vera Bradley, Inc. has a 1 year low of $4.38 and a 1 year high of $8.35.

Vera Bradley (NASDAQ:VRA) last posted its earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. The business had revenue of $110.82 million for the quarter, compared to analysts’ expectations of $129.53 million. During the same period last year, the firm posted $0.33 earnings per share. As a group, equities research analysts anticipate that Vera Bradley, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.