Hartford Investment Management Co. bought a new position in shares of Vera Bradley, Inc. (NASDAQ:VRA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,000 shares of the textile maker’s stock, valued at approximately $141,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of VRA. Dimensional Fund Advisors LP grew its stake in shares of Vera Bradley by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,226,704 shares of the textile maker’s stock worth $21,776,000 after acquiring an additional 413,983 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Vera Bradley in the 3rd quarter valued at approximately $3,528,000. Vanguard Group Inc. boosted its holdings in shares of Vera Bradley by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 1,741,621 shares of the textile maker’s stock valued at $16,215,000 after buying an additional 194,971 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Vera Bradley by 61.6% in the 2nd quarter. Citadel Advisors LLC now owns 435,950 shares of the textile maker’s stock valued at $4,264,000 after buying an additional 166,116 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Vera Bradley by 14.9% in the 2nd quarter. FMR LLC now owns 965,051 shares of the textile maker’s stock valued at $9,438,000 after buying an additional 125,051 shares during the last quarter. 61.87% of the stock is owned by institutional investors and hedge funds.
In other Vera Bradley news, EVP Kimberly F. Colby sold 170,000 shares of Vera Bradley stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $8.47, for a total value of $1,439,900.00. Following the transaction, the executive vice president now owns 21,655 shares in the company, valued at $183,417.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.60% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on VRA shares. B. Riley reaffirmed a “buy” rating on shares of Vera Bradley in a report on Wednesday, November 1st. BidaskClub raised Vera Bradley from a “sell” rating to a “hold” rating in a report on Friday, September 1st. FBR & Co set a $12.00 price objective on Vera Bradley and gave the stock a “buy” rating in a research report on Monday, August 28th. KeyCorp reiterated a “hold” rating on shares of Vera Bradley in a research report on Friday, August 25th. Finally, Jefferies Group reiterated a “hold” rating and set a $11.00 price objective on shares of Vera Bradley in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.33.
Vera Bradley Company Profile
Vera Bradley, Inc (Vera Bradley) is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories.
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