Short Interest in Vera Bradley, Inc. (NASDAQ:VRA) Decreases By 22.8%

Vera Bradley, Inc. (NASDAQ:VRA - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 3,120,000 shares, a decline of 22.8% from the September 15th total of 4,040,000 shares. Based on an average daily trading volume, of 464,700 shares, the short-interest ratio is presently 6.7 days. Currently, 15.1% of the company's stock are sold short.

Vera Bradley Stock Up 0.8 %

Shares of VRA traded up $0.04 on Friday, hitting $5.18. 246,894 shares of the stock traded hands, compared to its average volume of 482,701. Vera Bradley has a 1 year low of $4.38 and a 1 year high of $8.35. The stock's 50 day moving average is $5.51 and its two-hundred day moving average is $6.35. The firm has a market capitalization of $146.23 million, a P/E ratio of 172.67 and a beta of 1.88.

Vera Bradley (NASDAQ:VRA - Get Free Report) last posted its earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.18). The firm had revenue of $110.82 million during the quarter, compared to the consensus estimate of $129.53 million. Vera Bradley had a return on equity of 2.75% and a net margin of 0.19%. During the same period in the previous year, the company posted $0.33 EPS. Research analysts forecast that Vera Bradley will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Vera Bradley

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of Vera Bradley in the 4th quarter worth $3,672,000. Acadian Asset Management LLC grew its position in shares of Vera Bradley by 17.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,013,292 shares of the textile maker's stock worth $6,889,000 after acquiring an additional 151,969 shares in the last quarter. AQR Capital Management LLC raised its stake in Vera Bradley by 37.9% during the 2nd quarter. AQR Capital Management LLC now owns 500,578 shares of the textile maker's stock valued at $3,134,000 after acquiring an additional 137,552 shares in the last quarter. American Century Companies Inc. raised its position in shares of Vera Bradley by 23.2% during the second quarter. American Century Companies Inc. now owns 385,521 shares of the textile maker's stock worth $2,413,000 after purchasing an additional 72,642 shares during the period. Finally, Hillsdale Investment Management Inc. grew its stake in Vera Bradley by 14.2% in the first quarter. Hillsdale Investment Management Inc. now owns 550,764 shares of the textile maker's stock valued at $3,745,000 after purchasing an additional 68,500 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

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.