AQR Capital Management LLC Purchases 137,552 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

AQR Capital Management LLC grew its position in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 37.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 500,578 shares of the textile maker's stock after acquiring an additional 137,552 shares during the quarter. AQR Capital Management LLC owned about 1.70% of Vera Bradley worth $3,134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in Vera Bradley in the second quarter worth about $25,000. Clear Street Markets LLC acquired a new stake in Vera Bradley in the fourth quarter worth about $94,000. Sei Investments Co. acquired a new stake in Vera Bradley in the second quarter worth about $81,000. Principal Financial Group Inc. acquired a new stake in Vera Bradley in the first quarter worth about $101,000. Finally, Bailard Inc. acquired a new stake in Vera Bradley in the second quarter worth about $137,000. Institutional investors and hedge funds own 59.88% of the company's stock.

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.

Vera Bradley Price Performance

NASDAQ VRA traded up $0.01 on Tuesday, hitting $5.09. 186,943 shares of the company were exchanged, compared to its average volume of 380,291. The company's 50 day moving average price is $5.59 and its 200-day moving average price is $6.38. The firm has a market capitalization of $143.69 million, a P/E ratio of 36.36 and a beta of 1.88. Vera Bradley, Inc. has a twelve month low of $4.38 and a twelve month high of $8.35.

Vera Bradley (NASDAQ:VRA - Get Free Report) last issued its earnings results on Wednesday, September 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.18). The business had revenue of $110.82 million during the quarter, compared to analyst estimates of $129.53 million. Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, equities analysts expect that Vera Bradley, Inc. will post 0.1 EPS for the current year.

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.