BlackRock Discloses 6.6% Passive Stake in Vera Bradley
Ticker: VRA · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1495320
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, ownership-change
TL;DR
**BlackRock owns 6.6% of Vera Bradley, a big passive stake.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that it holds 2,014,978 shares of Vera Bradley, Inc. common stock, representing 6.6% of the company. This filing, dated December 31, 2023, indicates BlackRock's significant passive stake in the fashion accessories company. For investors, this means a large institutional player sees value in Vera Bradley, potentially signaling confidence in its future, but BlackRock isn't actively trying to influence management.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a significant stake in Vera Bradley, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally doesn't pose a direct risk to shareholders.
Analyst Insight
Investors should note BlackRock's significant, passive stake as a potential indicator of long-term value, but understand it doesn't signal active management changes. It's a data point for fundamental analysis.
Key Numbers
- 2,014,978 — Shares Owned (The total number of Vera Bradley common shares BlackRock Inc. beneficially owns.)
- 6.6% — Ownership Percentage (The percentage of Vera Bradley's common stock owned by BlackRock Inc., indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Vera Bradley, Inc. (company) — the subject company whose stock is being reported
- 2,014,978 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock Inc.
- 6.6% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of the event which requires the filing of this statement
Forward-Looking Statements
- BlackRock will maintain its passive stake in Vera Bradley for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-01-29
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock Inc., a major investment management corporation.
What company's stock is the subject of this filing?
The subject company for this filing is Vera Bradley, Inc., identified by CIK 0001495320 and CUSIP 92335C106.
How many shares of Vera Bradley, Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 2,014,978 shares of Vera Bradley, Inc. common stock, as reported in the filing.
What percentage of Vera Bradley, Inc.'s common stock does BlackRock Inc. own?
BlackRock Inc. owns 6.6% of the class of Vera Bradley, Inc. common stock, according to the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding Vera Bradley, Inc. (VRA).