Y Intercept Hong Kong Ltd Takes $114,000 Position in Vera Bradley, Inc. $VRA

Y Intercept Hong Kong Ltd purchased a new position in Vera Bradley, Inc. (NASDAQ:VRA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,604 shares of the textile maker’s stock, valued at approximately $114,000. Y Intercept Hong Kong Ltd owned 0.18% of Vera Bradley as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Williams & Novak LLC boosted its holdings in shares of Vera Bradley by 48.3% during the 2nd quarter. Williams & Novak LLC now owns 20,170 shares of the textile maker’s stock valued at $45,000 after buying an additional 6,565 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Vera Bradley by 5.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 138,083 shares of the textile maker’s stock worth $305,000 after acquiring an additional 7,478 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Vera Bradley by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 67,748 shares of the textile maker’s stock valued at $152,000 after acquiring 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 acquiring an additional 12,021 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Vera Bradley during the first quarter worth about $29,000. Institutional investors own 59.88% of the company’s stock.

Vera Bradley Stock Performance

VRA stock opened at $2.35 on Monday. The stock’s 50 day simple moving average is $2.17 and its 200 day simple moving average is $2.12. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. Vera Bradley, Inc. has a 12-month low of $1.71 and a 12-month high of $5.99. The stock has a market capitalization of $65.65 million, a PE ratio of -0.67 and a beta of 1.91.

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

Analyst Ratings Changes

A number of brokerages have weighed in on VRA. 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 raised Vera Bradley to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen cut Vera Bradley from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vera Bradley in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

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.