Charles Schwab Investment Management Inc. Sells 6,239 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Charles Schwab Investment Management Inc. cut its holdings in Vera Bradley, Inc. (NASDAQ:VRA) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,496 shares of the textile maker’s stock after selling 6,239 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of Vera Bradley worth $379,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VRA. The Manufacturers Life Insurance Company purchased a new position in shares of Vera Bradley in the 2nd quarter worth $76,000. Sei Investments Co. purchased a new position in Vera Bradley in the second quarter worth about $81,000. Bailard Inc. bought a new stake in Vera Bradley during the second quarter worth approximately $137,000. Rhumbline Advisers increased its stake in Vera Bradley by 15.3% during the second quarter. Rhumbline Advisers now owns 36,626 shares of the textile maker’s stock worth $229,000 after acquiring an additional 4,855 shares during the last quarter. Finally, Marquette Asset Management LLC raised its position in Vera Bradley by 12.2% during the third quarter. Marquette Asset Management LLC now owns 44,406 shares of the textile maker’s stock valued at $242,000 after purchasing an additional 4,824 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Vera Bradley Price Performance

NASDAQ:VRA opened at $3.48 on Friday. The firm has a market capitalization of $96.49 million, a price-to-earnings ratio of -5.90 and a beta of 1.91. The business has a 50 day simple moving average of $5.18 and a 200-day simple moving average of $5.72. Vera Bradley, Inc. has a 1 year low of $3.35 and a 1 year high of $8.32.

Vera Bradley 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.