Acuitas Investments LLC Sells 97,260 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Acuitas Investments LLC reduced its position in Vera Bradley, Inc. (NASDAQ:VRA) by 31.3% during the second quarter, Holdings Channel reports. The institutional investor owned 213,425 shares of the textile maker’s stock after selling 97,260 shares during the quarter. Acuitas Investments LLC’s holdings in Vera Bradley were worth $1,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gladius Capital Management LP purchased a new position in Vera Bradley during the 2nd quarter worth $25,000. LSV Asset Management acquired a new stake in Vera Bradley in the fourth quarter worth about $56,000. Clear Street Markets LLC purchased a new stake in shares of Vera Bradley during the fourth quarter worth about $94,000. Principal Financial Group Inc. acquired a new position in shares of Vera Bradley during the first quarter valued at about $101,000. Finally, Panagora Asset Management Inc. raised its position in shares of Vera Bradley by 11.1% in the 4th 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 last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Vera Bradley Price Performance

Shares of VRA opened at $5.31 on Friday. The company’s fifty day moving average price is $6.15 and its 200-day moving average price is $6.70. Vera Bradley, Inc. has a 1-year low of $5.26 and a 1-year high of $8.35. The firm has a market capitalization of $156.59 million, a PE ratio of 37.93 and a beta of 1.89.

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

Analyst Upgrades and Downgrades

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

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.