BNP Paribas Financial Markets Increases Holdings in Vera Bradley, Inc. (NASDAQ:VRA)

BNP Paribas Financial Markets increased its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 619.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,891 shares of the textile maker’s stock after acquiring an additional 31,765 shares during the period. BNP Paribas Financial Markets’ holdings in Vera Bradley were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VRA. The Manufacturers Life Insurance Company purchased a new stake in shares of Vera Bradley in the second quarter worth about $76,000. Sei Investments Co. purchased a new stake in shares of Vera Bradley during the 2nd quarter worth approximately $81,000. Davis R M Inc. purchased a new stake in shares of Vera Bradley during the 3rd quarter worth approximately $109,000. FMR LLC boosted its position in shares of Vera Bradley by 998.4% during 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. Finally, Bailard Inc. purchased a new position in shares of Vera Bradley in the second quarter valued at $137,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Vera Bradley Stock Down 6.4 %

Vera Bradley stock opened at $3.98 on Tuesday. Vera Bradley, Inc. has a 52-week low of $3.95 and a 52-week high of $8.32. The firm’s fifty day moving average is $5.27 and its 200 day moving average is $5.78. The company has a market cap of $110.37 million, a price-to-earnings ratio of -6.75 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.