Vera Bradley, Inc. (NASDAQ:VRA) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 91.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,747 shares of the textile maker’s stock after selling 471,240 shares during the quarter. Franklin Resources Inc. owned approximately 0.17% of Vera Bradley worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in VRA. Potrero Capital Research LLC purchased a new position in Vera Bradley in the third quarter valued at about $2,621,000. Royce & Associates LP raised its holdings in shares of Vera Bradley by 18.6% during the 3rd quarter. Royce & Associates LP now owns 1,592,165 shares of the textile maker’s stock valued at $8,693,000 after buying an additional 249,630 shares during the period. AQR Capital Management LLC lifted its stake in Vera Bradley by 37.9% during the second quarter. AQR Capital Management LLC now owns 500,578 shares of the textile maker’s stock worth $3,134,000 after purchasing an additional 137,552 shares during the last quarter. American Century Companies Inc. grew its position in shares of Vera Bradley by 23.2% during the second quarter. American Century Companies Inc. now owns 385,521 shares of the textile maker’s stock worth $2,413,000 after acquiring an additional 72,642 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Vera Bradley by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,763 shares of the textile maker’s stock valued at $9,232,000 after buying an additional 64,624 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Stock Performance

NASDAQ VRA opened at $3.93 on Thursday. The business’s fifty day moving average is $4.87 and its two-hundred day moving average is $5.47. The stock has a market capitalization of $108.96 million, a P/E ratio of -6.66 and a beta of 1.91. Vera Bradley, Inc. has a 1 year low of $3.27 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.