Klingman & Associates LLC Buys New Stake in Vera Bradley, Inc. $VRA

Klingman & Associates LLC acquired a new position in shares of Vera Bradley, Inc. (NASDAQ:VRA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 53,722 shares of the textile maker’s stock, valued at approximately $119,000. Klingman & Associates LLC owned 0.19% of Vera Bradley as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Williams & Novak LLC boosted its stake in Vera Bradley by 48.3% during the second quarter. Williams & Novak LLC now owns 20,170 shares of the textile maker’s stock worth $45,000 after buying an additional 6,565 shares during the period. SummerHaven Investment Management LLC boosted its stake in Vera Bradley by 5.7% during the second quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock worth $305,000 after buying an additional 7,478 shares during the period. Bank of New York Mellon Corp boosted its stake in Vera Bradley by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker’s stock worth $152,000 after buying an additional 7,747 shares during the period. Empowered Funds LLC boosted its stake in Vera Bradley by 7.9% during the first quarter. Empowered Funds LLC now owns 163,636 shares of the textile maker’s stock worth $368,000 after buying an additional 12,021 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in Vera Bradley during the first quarter worth $29,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

Vera Bradley Stock Performance

VRA stock opened at $2.26 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 0.76. The business has a 50-day moving average price of $2.08 and a 200 day moving average price of $2.09. The company has a market capitalization of $63.14 million, a P/E ratio of -0.64 and a beta of 1.85. Vera Bradley, Inc. has a 1-year low of $1.71 and a 1-year high of $5.99.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings data on Thursday, September 11th. The textile maker reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.13. The firm had revenue of $70.86 million during the quarter, compared to the consensus estimate of $78.52 million. Vera Bradley had a negative return on equity of 15.27% and a negative net margin of 32.31%.During the same period in the previous year, the company posted $0.13 earnings per share. As a group, equities research analysts forecast that Vera Bradley, Inc. will post -0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VRA has been the subject of several recent analyst reports. Zacks Research raised shares of Vera Bradley from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Small Cap Consu upgraded Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vera Bradley in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Vera Bradley from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Vera Bradley 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.