Assenagon Asset Management S.A. Has $109,000 Stake in Vera Bradley, Inc. (NASDAQ:VRA)

Assenagon Asset Management S.A. lessened its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 91.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,024 shares of the textile maker's stock after selling 209,103 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Vera Bradley worth $109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of VRA. Gladius Capital Management LP bought a new position in Vera Bradley during the second quarter worth about $25,000. The Manufacturers Life Insurance Company bought a new position in shares of Vera Bradley during the 2nd quarter worth approximately $76,000. Sei Investments Co. acquired a new position in shares of Vera Bradley during the 2nd quarter worth approximately $81,000. Principal Financial Group Inc. bought a new stake in Vera Bradley in the 1st quarter valued at $101,000. Finally, Bailard Inc. acquired a new stake in Vera Bradley during the 2nd quarter valued at $137,000. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Trading Up 0.6 %

Shares of NASDAQ:VRA traded up $0.03 on Monday, hitting $5.07. The company had a trading volume of 120,725 shares, compared to its average volume of 368,677. The stock has a market cap of $143.11 million, a price-to-earnings ratio of 169.00 and a beta of 1.89. The stock has a 50 day moving average price of $5.29 and a 200 day moving average price of $6.21. Vera Bradley, Inc. has a 1-year low of $4.38 and a 1-year high of $8.35.

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 for the quarter, missing the consensus estimate of $0.31 by ($0.18). Vera Bradley had a net margin of 0.19% and a return on equity of 2.75%. The company had revenue of $110.82 million during the quarter, compared to the consensus estimate of $129.53 million. During the same period in the prior year, the company earned $0.33 earnings per share. Sell-side analysts anticipate that Vera Bradley, Inc. will post 0.1 earnings per share for the current fiscal 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.