The Manufacturers Life Insurance Company Invests $76,000 in Vera Bradley, Inc. (NASDAQ:VRA)

The Manufacturers Life Insurance Company acquired a new stake in shares of Vera Bradley, Inc. (NASDAQ:VRA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,124 shares of the textile maker’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRA. Gladius Capital Management LP acquired a new position in Vera Bradley in the 2nd quarter valued at approximately $25,000. Bank of New York Mellon Corp increased its holdings in Vera Bradley by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 199,308 shares of the textile maker’s stock valued at $1,248,000 after purchasing an additional 4,143 shares during the period. Rhumbline Advisers increased its holdings in Vera Bradley by 15.3% in the second quarter. Rhumbline Advisers now owns 36,626 shares of the textile maker’s stock valued at $229,000 after purchasing an additional 4,855 shares during the period. Vanguard Group Inc. raised its position in Vera Bradley by 0.5% during 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. Finally, BNP Paribas Financial Markets lifted its holdings in Vera Bradley by 36.5% during the 1st quarter. BNP Paribas Financial Markets now owns 37,800 shares of the textile maker’s stock worth $257,000 after buying an additional 10,102 shares during the period. Institutional investors own 59.88% of the company’s stock.

Vera Bradley Trading Down 1.3 %

NASDAQ VRA opened at $5.34 on Monday. The firm has a market capitalization of $150.75 million, a PE ratio of 178.00 and a beta of 1.88. The business’s 50-day moving average price is $5.46 and its two-hundred day moving average price is $6.31. Vera Bradley, Inc. has a 12 month low of $4.38 and a 12 month high of $8.35.

Vera Bradley (NASDAQ:VRA) last announced its earnings results on Wednesday, September 11th. The textile maker reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). The company had revenue of $110.82 million during the quarter, compared to the consensus estimate of $129.53 million. Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. During the same quarter in the previous year, the company earned $0.33 earnings per share. As a group, analysts forecast that Vera Bradley, Inc. will post 0.1 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.