JPMorgan Chase & Co. Sells 3,662 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

JPMorgan Chase & Co. trimmed its stake in Vera Bradley, Inc. (NASDAQ:VRA) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,668 shares of the textile maker’s stock after selling 3,662 shares during the period. JPMorgan Chase & Co. owned about 0.14% of Vera Bradley worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marquette Asset Management LLC boosted its stake in shares of Vera Bradley by 12.2% in the 3rd quarter. Marquette Asset Management LLC now owns 44,406 shares of the textile maker’s stock valued at $242,000 after purchasing an additional 4,824 shares in the last quarter. Empowered Funds LLC grew its stake in Vera Bradley by 5.3% during the third quarter. Empowered Funds LLC now owns 144,210 shares of the textile maker’s stock worth $787,000 after buying an additional 7,236 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Vera Bradley by 40.6% during the third quarter. Jane Street Group LLC now owns 33,765 shares of the textile maker’s stock worth $184,000 after buying an additional 9,744 shares in the last quarter. Barclays PLC boosted its holdings in shares of Vera Bradley by 23.4% in the 3rd quarter. Barclays PLC now owns 59,900 shares of the textile maker’s stock worth $327,000 after acquiring an additional 11,366 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Vera Bradley during the 2nd quarter worth approximately $76,000. Institutional investors own 59.88% of the company’s stock.

Vera Bradley Stock Performance

Shares of VRA opened at $3.74 on Friday. The company has a market cap of $103.71 million, a price-to-earnings ratio of -6.34 and a beta of 1.97. The stock has a fifty day moving average price of $4.23 and a two-hundred day moving average price of $5.12. Vera Bradley, Inc. has a 52-week low of $3.27 and a 52-week high of $8.32.

Vera Bradley (NASDAQ:VRA) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.33). Vera Bradley had a negative return on equity of 2.74% and a negative net margin of 4.21%. As a group, research analysts predict that Vera Bradley, Inc. will post -0.25 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.