Geode Capital Management LLC Sells 28,381 Shares of Vera Bradley, Inc. (NASDAQ:VRA)

Geode Capital Management LLC lowered its position in Vera Bradley, Inc. (NASDAQ:VRA) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 552,813 shares of the textile maker’s stock after selling 28,381 shares during the period. Geode Capital Management LLC’s holdings in Vera Bradley were worth $3,019,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VRA. The Manufacturers Life Insurance Company purchased a new position in Vera Bradley during the 2nd quarter valued at approximately $76,000. Sei Investments Co. purchased a new position in shares of Vera Bradley in the 2nd quarter worth $81,000. Quadrature Capital Ltd bought a new stake in shares of Vera Bradley in the 3rd quarter worth about $102,000. Davis R M Inc. purchased a new stake in shares of Vera Bradley during the 3rd quarter valued at about $109,000. Finally, FMR LLC lifted its holdings in shares of Vera Bradley by 998.4% in the 3rd quarter. FMR LLC now owns 21,408 shares of the textile maker’s stock valued at $117,000 after acquiring an additional 19,459 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

Vera Bradley Price Performance

Shares of NASDAQ VRA opened at $3.87 on Tuesday. Vera Bradley, Inc. has a 1-year low of $3.27 and a 1-year high of $8.32. The business’s 50 day moving average is $4.78 and its two-hundred day moving average is $5.42. The stock has a market capitalization of $107.30 million, a P/E ratio of -6.56 and a beta of 1.97.

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.