Marquette Asset Management LLC Takes Position in Vera Bradley, Inc. (NASDAQ:VRA)

Marquette Asset Management LLC purchased a new stake in Vera Bradley, Inc. (NASDAQ:VRAGet Rating) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 39,815 shares of the textile maker’s stock, valued at approximately $173,000.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in Vera Bradley during the first quarter worth about $80,000. Engineers Gate Manager LP raised its position in Vera Bradley by 48.3% in the 1st quarter. Engineers Gate Manager LP now owns 18,369 shares of the textile maker’s stock valued at $141,000 after buying an additional 5,985 shares during the last quarter. Citigroup Inc. raised its position in Vera Bradley by 11.4% in the 1st quarter. Citigroup Inc. now owns 21,227 shares of the textile maker’s stock valued at $163,000 after buying an additional 2,170 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vera Bradley by 13.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,809 shares of the textile maker’s stock valued at $167,000 after buying an additional 2,524 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Vera Bradley during the 4th quarter worth approximately $205,000. Institutional investors own 64.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRA. StockNews.com lowered Vera Bradley from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Cowen decreased their target price on Vera Bradley to $4.50 in a report on Tuesday, September 6th. TheStreet lowered Vera Bradley from a “c” rating to a “d+” rating in a report on Tuesday, June 21st. Noble Financial began coverage on Vera Bradley in a report on Thursday, June 16th. They set an “outperform” rating and a $8.00 target price on the stock. Finally, Telsey Advisory Group decreased their target price on Vera Bradley from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, June 9th.

Vera Bradley Stock Down 3.5 %

Shares of NASDAQ:VRA traded down $0.11 during trading on Friday, reaching $3.04. 269,201 shares of the company traded hands, compared to its average volume of 398,299. Vera Bradley, Inc. has a 52 week low of $3.02 and a 52 week high of $11.13. The firm has a market capitalization of $94.54 million, a PE ratio of -3.75 and a beta of 1.79. The company’s 50 day moving average is $4.10 and its two-hundred day moving average is $5.49.

Vera Bradley (NASDAQ:VRAGet Rating) last issued its earnings results on Wednesday, August 31st. The textile maker reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Vera Bradley had a positive return on equity of 2.64% and a negative net margin of 5.03%. The firm had revenue of $130.40 million during the quarter, compared to analyst estimates of $132.51 million. During the same period in the previous year, the company earned $0.28 EPS. Vera Bradley’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, research analysts anticipate that Vera Bradley, Inc. will post 0.19 EPS for the current year.

About Vera Bradley

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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 wallets, wristlets, eyeglass cases, scarves, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.

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Institutional Ownership by Quarter for Vera Bradley (NASDAQ:VRA)

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