Wellington Management Group LLP Invests $3.67 Million in Vera Bradley, Inc. (NASDAQ:VRA)

Wellington Management Group LLP bought a new stake in Vera Bradley, Inc. (NASDAQ:VRA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 476,900 shares of the textile maker’s stock, valued at approximately $3,672,000. Wellington Management Group LLP owned about 1.55% of Vera Bradley at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VRA. Fund 1 Investments LLC grew its stake in shares of Vera Bradley by 93.6% during the 4th quarter. Fund 1 Investments LLC now owns 1,762,471 shares of the textile maker’s stock valued at $13,571,000 after buying an additional 852,330 shares during the period. Gate City Capital Management LLC acquired a new stake in Vera Bradley during the fourth quarter worth about $4,281,000. Hillsdale Investment Management Inc. increased its stake in Vera Bradley by 13.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 482,264 shares of the textile maker’s stock worth $3,713,000 after acquiring an additional 56,400 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Vera Bradley by 50.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 191,002 shares of the textile maker’s stock valued at $1,263,000 after purchasing an additional 63,717 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Vera Bradley by 25.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 98,198 shares of the textile maker’s stock worth $756,000 after purchasing an additional 19,890 shares during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Price Performance

Shares of VRA opened at $6.26 on Monday. Vera Bradley, Inc. has a 12 month low of $5.66 and a 12 month high of $8.35. The stock’s 50-day moving average is $7.09 and its two-hundred day moving average is $7.18. The stock has a market cap of $184.61 million, a PE ratio of 44.71 and a beta of 1.94.

Vera Bradley (NASDAQ:VRA) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.32). The company had revenue of $80.60 million for the quarter, compared to analyst estimates of $94.76 million. Vera Bradley had a return on equity of 5.17% and a net margin of 0.96%. On average, research analysts anticipate that Vera Bradley, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.