Acadian Asset Management LLC Sells 121,376 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Acadian Asset Management LLC lessened its stake in Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 891,916 shares of the textile maker's stock after selling 121,376 shares during the period. Acadian Asset Management LLC owned 3.02% of Vera Bradley worth $5,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in Vera Bradley in the second quarter valued at about $25,000. Clear Street Markets LLC acquired a new stake in shares of Vera Bradley in the 4th quarter valued at approximately $94,000. Principal Financial Group Inc. bought a new position in Vera Bradley during the 1st quarter worth approximately $101,000. Panagora Asset Management Inc. grew its holdings in Vera Bradley by 11.1% during the fourth quarter. Panagora Asset Management Inc. now owns 13,983 shares of the textile maker's stock valued at $108,000 after purchasing an additional 1,394 shares during the period. Finally, Bailard Inc. bought a new stake in Vera Bradley in the second quarter valued at approximately $137,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Vera Bradley Trading Up 4.2 %

Shares of NASDAQ:VRA traded up $0.20 on Thursday, hitting $4.95. The company had a trading volume of 726,793 shares, compared to its average volume of 371,681. The stock has a market cap of $145.98 million, a price-to-earnings ratio of 35.36 and a beta of 1.89. Vera Bradley, Inc. has a 1-year low of $4.38 and a 1-year high of $8.35. The stock has a 50 day moving average price of $6.06 and a 200 day moving average price of $6.62.

Vera Bradley (NASDAQ:VRA - Get Free Report) last released its quarterly earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share (EPS) 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 net margin of 0.96% and a return on equity of 5.17%. During the same quarter last year, the firm earned $0.33 earnings per share. Sell-side analysts anticipate that Vera Bradley, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Vera Bradley from a "strong-buy" rating to a "hold" rating in a research note 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.