D. E. Shaw & Co. Inc. Trims Stock Holdings in Vera Bradley, Inc. (NASDAQ:VRA)

D. E. Shaw & Co. Inc. cut its holdings in shares of Vera Bradley, Inc. (NASDAQ:VRA) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 284,474 shares of the textile maker’s stock after selling 99,930 shares during the period. D. E. Shaw & Co. Inc. owned 1.03% of Vera Bradley worth $1,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. McAdam LLC acquired a new position in Vera Bradley in the 4th quarter valued at about $50,000. Sei Investments Co. acquired a new stake in Vera Bradley during the 4th quarter worth approximately $54,000. Pathway Financial Advisers LLC purchased a new position in shares of Vera Bradley in the 4th quarter valued at approximately $118,000. Barclays PLC increased its holdings in shares of Vera Bradley by 5.4% in the fourth quarter. Barclays PLC now owns 63,129 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 3,229 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Vera Bradley by 5.1% in the fourth quarter. Empowered Funds LLC now owns 151,615 shares of the textile maker’s stock valued at $596,000 after purchasing an additional 7,405 shares during the period. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Vera Bradley Price Performance

Shares of NASDAQ VRA opened at $2.03 on Friday. The stock has a fifty day moving average price of $2.08 and a 200 day moving average price of $3.34. Vera Bradley, Inc. has a 1-year low of $1.72 and a 1-year high of $8.33. The company has a market cap of $56.67 million, a PE ratio of -3.44 and a beta of 1.76.

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.