Vera Bradley, Inc. (NASDAQ:VRA) Short Interest Down 22.8% in September

Vera Bradley, Inc. (NASDAQ:VRAGet Free Report) was the target of a significant decline in short interest in the month of 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 volume of 464,700 shares, the short-interest ratio is presently 6.7 days. Approximately 15.1% of the company’s shares are sold short.

Vera Bradley Price Performance

Shares of Vera Bradley stock traded up $0.29 during trading on Monday, hitting $5.47. 121,261 shares of the company were exchanged, compared to its average volume of 380,933. The firm has a market capitalization of $161.30 million, a P/E ratio of 37.00 and a beta of 1.88. The firm’s fifty day moving average price is $5.51 and its 200 day moving average price is $6.35. Vera Bradley has a 1-year low of $4.38 and a 1-year high of $8.35.

Vera Bradley (NASDAQ:VRAGet 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). Vera Bradley had a return on equity of 2.75% and a net margin of 0.19%. The firm had revenue of $110.82 million during the quarter, compared to analyst estimates of $129.53 million. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities research analysts anticipate that Vera Bradley will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Vera Bradley

A number of hedge funds have recently modified their holdings of the business. Gladius Capital Management LP bought a new stake in Vera Bradley in the 2nd quarter valued at $25,000. The Manufacturers Life Insurance Company acquired a new position in Vera Bradley during the 2nd quarter worth approximately $76,000. Sei Investments Co. bought a new stake in shares of Vera Bradley in the second quarter worth $81,000. Principal Financial Group Inc. acquired a new position in Vera Bradley during the first quarter worth $101,000. Finally, Bailard Inc. bought a new position in Vera Bradley in the second quarter valued at $137,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Vera Bradley Company Profile

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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.

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