Learn Why Mariko Gordon’s Daruma Capital Management Llc Purchased Vera Bradley, Inc Stake?

February 15, 2018 - By reb123z

 Learn Why Mariko Gordon's Daruma Capital Management Llc Purchased Vera Bradley, Inc Stake?

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.36, from 1.04 in 2017Q2. It increased, as 15 investors sold Vera Bradley, Inc. shares while 27 reduced holdings. 22 funds opened positions while 37 raised stakes. 20.97 million shares or 2.78% less from 21.57 million shares in 2017Q2 were reported.

Vanguard Group accumulated 0% or 1.55M shares. Sector Pension Board holds 0% or 13,822 shares in its portfolio. Arizona State Retirement System invested in 10,000 shares. California Employees Retirement reported 0% stake. Northern Corp reported 266,055 shares. Ameriprise Incorporated has invested 0% of its portfolio in Vera Bradley, Inc. (NASDAQ:VRA). Qs Investors Limited, a New York-based fund reported 51,082 shares. Morgan Stanley holds 171,545 shares or 0% of its portfolio. Laurion Management Ltd Partnership reported 43,059 shares. 82,990 are held by Alliancebernstein Limited Partnership. California-based Menta Capital Limited Com has invested 0.03% in Vera Bradley, Inc. (NASDAQ:VRA). Daruma Capital Management stated it has 936,363 shares or 0.51% of all its holdings. Natl Bank Of Montreal Can has 0% invested in Vera Bradley, Inc. (NASDAQ:VRA). State Board Of Administration Of Florida Retirement owns 16,983 shares. 37,000 are owned by Swiss Bancorp.

The New Mariko Gordon’s Daruma Capital Management Llc Holding in Vera Bradley, Inc

Daruma Capital Management Llc reported SC 13G/A form with the SEC for Vera Bradley, Inc. Access it here: 000108514618000834. As reported by Mariko Gordon’s Daruma Capital Management Llc, the filler owns 0.32% or 113,349 shares of the Consumer Discretionary–company.

Vera Bradley, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mariko Gordon’s Daruma Capital Management Llc’s positive view for Vera Bradley, Inc. For a hedge fund managing $2.31 billion in assets and having 20+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mariko Gordon’s Daruma Capital Management Llc’s portfolio is in the sector.

Vera Bradley, Inc Institutional Sentiment

Filings show 86 investors own Vera Bradley, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 2223357. 21880559 were owned by these investors. 12 funds opened new Vera Bradley, Inc stakes, 31 increased positions. There were 25 that closed positions and 32 reduced them.

Mork Capital Management is an investor bullish on Vera Bradley, Inc, owning 43000 shares as of Q3 2015 for 0.64% of its portfolio. Thompson Siegel & Walmsley Llc owns 1694381 shares or 0.40% of its portfolio. NY Daruma Capital Management Llc have 2.76% of its portfolio for 3564235 shares. Further, Monarch Capital Management Inc reported stake worth 0.49% of its portfolio. The WA Tieton Capital Management Llc owns 217939 shares. Vera Bradley, Inc is 2.56% of its portfolio.

Business Profile

Vera Bradley, Inc. (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories. The Direct business consists of sales of Vera Bradley products through factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and its annual outlet sale in Fort Wayne, Indiana. As of January 28, 2017, the Indirect business consisted of sales of Vera Bradley products to approximately 2,600 specialty retail locations, substantially all of which were located in the United States, as well as department stores, national accounts, third party e-commerce sites, the Company’s wholesale customer in Japan, and third-party inventory liquidators.

SEC Form 13G.

Mariko Gordon’s Daruma Capital Management Llc website.

Analysts await Vera Bradley, Inc. (NASDAQ:VRA) to report earnings on March, 14. They expect $0.32 EPS, up 14.29 % or $0.04 from last year’s $0.28 per share. VRA’s profit will be $11.35M for 7.99 P/E if the $0.32 EPS becomes a reality. After $0.23 actual EPS reported by Vera Bradley, Inc. for the previous quarter, Wall Street now forecasts 39.13 % EPS growth.

The stock decreased 0.49% or $0.05 during the last trading session, reaching $10.23. About 84,242 shares traded. Vera Bradley, Inc. (NASDAQ:VRA) has declined 49.97% since February 15, 2017 and is downtrending. It has underperformed by 66.67% the S&P500.

Vera Bradley, Inc., together with its subsidiaries, designs, makes, and sells women??s handbags, luggage and travel items, fashion and home accessories, and gifts. The company has market cap of $362.99 million. The firm offers totes, crossbodies, satchels, clutches, backpacks, baby, and lunch bags; accessories, inclduing wallets, wristlets, eyeglass cases, jewelry, scarves, and various technology accessories; and travel products, such as rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags. It has a 204.6 P/E ratio. It also provides home products consisting of mugs and tumblers, as well as textiles products, such as throw blankets, beach towels, comforters, and wellness and beauty products; offers apparel/footwear, stationery, merchandising, and gift card products; and licenses its products.

Vera Bradley, Inc. (NASDAQ:VRA) Ratings Coverage

Among 8 analysts covering Vera Bradley (NASDAQ:VRA), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Vera Bradley has $24 highest and $9.0 lowest target. $15’s average target is 46.63% above currents $10.23 stock price. Vera Bradley had 27 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research upgraded the stock to “Buy” rating in Monday, January 18 report. The company was maintained on Wednesday, August 30 by Cowen & Co. The stock of Vera Bradley, Inc. (NASDAQ:VRA) has “Hold” rating given on Thursday, December 21 by Robert W. Baird. Cowen & Co maintained it with “Hold” rating and $12.0 target in Wednesday, December 6 report. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, August 30 report. The rating was downgraded by Jefferies on Tuesday, August 18 to “Hold”. The rating was maintained by Wunderlich with “Buy” on Thursday, August 11. The rating was maintained by Telsey Advisory Group on Thursday, September 3 with “Market Perform”. Cowen & Co maintained it with “Market Perform” rating and $21 target in Monday, April 25 report. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, December 8.

More notable recent Vera Bradley, Inc. (NASDAQ:VRA) news were published by: Globenewswire.com which released: “Vera Bradley Annual Outlet Sale Tickets Available January 22, 2018” on January 21, 2018, also Prnewswire.com with their article: “Consumer Goods Stocks’ Research Reports Released on Sequential Brands, Vera …” published on February 01, 2018, Globenewswire.com published: “Vera Bradley Announces Reporting Date for Fourth Quarter and Fiscal Year End …” on February 05, 2018. More interesting news about Vera Bradley, Inc. (NASDAQ:VRA) were released by: Investorplace.com and their article: “Vera Bradley, Inc. Stock Soars After Q3 Earnings” published on December 06, 2017 as well as Seekingalpha.com‘s news article titled: “Vera Bradley: Declining And Overvalued” with publication date: January 30, 2018.

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