Vera Bradley (NASDAQ:VRA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Vera Bradley (NASDAQ:VRA – Get Rating) in a research report report published on Thursday morning. The brokerage issued a buy rating on the textile maker’s stock.

Vera Bradley Stock Down 1.4 %

VRA opened at $5.83 on Thursday. The business has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $4.32. Vera Bradley has a 52 week low of $2.84 and a 52 week high of $8.49.

Institutional Trading of Vera Bradley

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Vera Bradley by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,321,921 shares of the textile maker’s stock valued at $17,809,000 after acquiring an additional 51,122 shares during the last quarter. Vanguard Group Inc. raised its stake in Vera Bradley by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 1,774,779 shares of the textile maker’s stock valued at $13,613,000 after acquiring an additional 137,181 shares during the last quarter. Fund 1 Investments LLC purchased a new stake in Vera Bradley during the 4th quarter valued at approximately $7,570,000. State Street Corp raised its stake in Vera Bradley by 2.0% during the 1st quarter. State Street Corp now owns 869,226 shares of the textile maker’s stock valued at $6,667,000 after acquiring an additional 17,024 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Vera Bradley by 99.7% during the 4th quarter. Franklin Resources Inc. now owns 698,125 shares of the textile maker’s stock valued at $3,163,000 after acquiring an additional 348,451 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

About Vera Bradley

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Vera Bradley, Inc designs, produces, markets, and retails accessories for women. Its products include handbags, accessories and travel and leisure items. The company operates through the following segments: Vera Bradley Direct (VB Direct), Vera Bradley Indirect (VB Indirect), and Pura Vida. The VB Direct segment consists of sales of Vera Bradley products through Vera Bradley full-line and factory outlet stores in the United States, verabradley.com, the Vera Bradley online outlet site, and the Vera Bradley annual outlet sale in Fort Wayne, Indiana.