Dimensional Fund Advisors LP Acquires 64,624 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Dimensional Fund Advisors LP boosted its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,474,763 shares of the textile maker’s stock after acquiring an additional 64,624 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.00% of Vera Bradley worth $9,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fund 1 Investments LLC grew its holdings in Vera Bradley by 93.6% during 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 during the last quarter. Gate City Capital Management LLC acquired a new position in Vera Bradley during the fourth quarter valued at approximately $4,281,000. Wellington Management Group LLP acquired a new position in Vera Bradley during the fourth quarter valued at approximately $3,672,000. Acadian Asset Management LLC grew its holdings 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 valued at $6,889,000 after purchasing an additional 151,969 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Vera Bradley by 23.2% during the second quarter. American Century Companies Inc. now owns 385,521 shares of the textile maker’s stock valued at $2,413,000 after purchasing an additional 72,642 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

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

Vera Bradley Price Performance

VRA opened at $5.08 on Tuesday. The company has a market capitalization of $149.80 million, a P/E ratio of 36.29 and a beta of 1.88. The firm’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $6.38. Vera Bradley, Inc. has a fifty-two week low of $4.38 and a fifty-two week high of $8.35.

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

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.