Franklin Resources Inc. Sells 471,240 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Franklin Resources Inc. decreased its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 91.0% in the 3rd quarter, Holdings Channel reports. The firm owned 46,747 shares of the textile maker’s stock after selling 471,240 shares during the period. Franklin Resources Inc.’s holdings in Vera Bradley were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Vera Bradley in the 2nd quarter worth approximately $76,000. Sei Investments Co. acquired a new position in shares of Vera Bradley during the second quarter worth $81,000. Quadrature Capital Ltd purchased a new stake in shares of Vera Bradley during the 3rd quarter valued at $102,000. Davis R M Inc. acquired a new stake in shares of Vera Bradley in the 3rd quarter worth $109,000. Finally, FMR LLC grew its stake in Vera Bradley by 998.4% during the 3rd quarter. FMR LLC now owns 21,408 shares of the textile maker’s stock worth $117,000 after buying an additional 19,459 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

Vera Bradley Stock Up 0.5 %

Shares of VRA stock opened at $3.93 on Thursday. Vera Bradley, Inc. has a 52-week low of $3.27 and a 52-week high of $8.32. The stock has a market cap of $108.96 million, a PE ratio of -6.66 and a beta of 1.91. The business has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $5.47.

About Vera Bradley

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.