Vera Bradley, Inc. (NASDAQ:VRA) was in 8 hedge funds’ portfolio at the end of March. VRA shareholders have witnessed a decrease in support from the world’s most elite money managers recently. There were 14 hedge funds in our database with VRA positions at the end of the previous quarter.
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Keeping this in mind, we’re going to take a glance at the key action encompassing Vera Bradley, Inc. (NASDAQ:VRA).
How have hedgies been trading Vera Bradley, Inc. (NASDAQ:VRA)?
In preparation for this quarter, a total of 8 of the hedge funds we track held long positions in this stock, a change of -43% from the previous quarter.
Seeing as Vera Bradley, Inc. (NASDAQ:VRA) has witnessed declining sentiment from the entirety of the hedge funds we track, we can see that there was a specific group of hedgies that elected to cut their full holdings in Q1. Interestingly, Mariko Gordon’s Daruma Asset Management said goodbye to the largest investment of the 450+ funds we track, comprising close to $43.6 million in stock., and Steven Cohen of SAC Capital Advisors was right behind this move, as the fund dumped about $10.5 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest dropped by 6 funds in Q1.
How are insiders trading Vera Bradley, Inc. (NASDAQ:VRA)?
Insider buying is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest six-month time period, Vera Bradley, Inc. (NASDAQ:VRA) has seen zero unique insiders buying, and 2 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Vera Bradley, Inc. (NASDAQ:VRA). These stocks are Steven Madden, Ltd. (NASDAQ:SHOO), Iconix Brand Group Inc (NASDAQ:ICON), Tumi Holdings Inc (NYSE:TUMI), Crocs, Inc. (NASDAQ:CROX), and Skechers USA Inc (NYSE:SKX). This group of stocks are the members of the textile – apparel footwear & accessories industry and their market caps resemble VRA’s market cap.