Franklin Resources Inc. Cuts Stake in Vera Bradley, Inc. (NASDAQ:VRA)

Franklin Resources Inc. lessened its stake in shares of Vera Bradley, Inc. (NASDAQ:VRA - Free Report) by 91.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VRA. Barclays PLC raised its stake in shares of Vera Bradley by 23.4% during the 3rd quarter. Barclays PLC now owns 59,900 shares of the textile maker's stock worth $327,000 after acquiring an additional 11,366 shares in the last quarter. Jane Street Group LLC increased its position in shares of Vera Bradley by 40.6% during the third quarter. Jane Street Group LLC now owns 33,765 shares of the textile maker's stock worth $184,000 after purchasing an additional 9,744 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Vera Bradley during the 3rd quarter valued at $102,000. Potrero Capital Research LLC acquired a new stake in shares of Vera Bradley in the 3rd quarter worth $2,621,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Vera Bradley by 619.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,891 shares of the textile maker's stock worth $201,000 after purchasing an additional 31,765 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Trading Down 5.1 %

Shares of NASDAQ:VRA traded down $0.20 on Thursday, hitting $3.73. 273,297 shares of the company were exchanged, compared to its average volume of 364,180. The stock's 50 day moving average price is $4.87 and its 200 day moving average price is $5.47. Vera Bradley, Inc. has a 1-year low of $3.27 and a 1-year high of $8.32. The firm has a market capitalization of $103.42 million, a P/E ratio of -6.32 and a beta of 1.91.

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.