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Last €9.85 EUR
Change Today -0.029 / -0.29%
Volume 0.0
ELI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 2:01 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

vera bradley inc (ELI) Snapshot

Open
€9.85
Previous Close
€9.88
Day High
€9.85
Day Low
€9.85
52 Week High
09/22/14 - €18.68
52 Week Low
07/27/15 - €9.56
Market Cap
388.5M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
39.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VERA BRADLEY INC (ELI)

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vera bradley inc (ELI) Details

Vera Bradley, Inc., together with its subsidiaries, designs, manufactures, and sells handbags, accessories, and luggage and travel items for women of all ages under the Vera Bradley brand. The company offers totes, crossbodies, satchels, clutches, and backpacks bags, as well as baby bags and lunch bags; accessories, such as wallets, wristlets, eyeglass cases, jewelry, and scarves; and travel products comprising rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags consisting of duffel and weekend bags. It also provides home products, including mugs and tumblers, as well as textiles products, such as aprons, beach towels, throw blankets, and comforters; offers apparel/footwear, stationery, merchandising, and gift card products; and licenses its products. The company sells its products through two segments, Direct and Indirect. The Direct segment sells Vera Bradley branded products through the company’s factory outlet stores in the United States, verabradley.com, and direct-to-consumer eBay sales, as well as through its annual outlet sale in Fort Wayne, Indiana. The Indirect segment offers Vera Bradley branded products to approximately 2,700 specialty retail doors located in the United States, as well as department stores, national accounts, third party e-commerce sites, and third-party inventory liquidation. As of January 31, 2015, the company operated 96 full-line stores and 29 factory outlet stores. Vera Bradley, Inc. was founded in 1982 and is headquartered in Roanoke, Indiana.

2,800 Employees
Last Reported Date: 03/31/15
Founded in 1982

vera bradley inc (ELI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $750.0K
Co-Founder, Chief Creative Officer and Direct...
Total Annual Compensation: $465.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $355.3K
Chief Merchandising Officer and Executive Vic...
Total Annual Compensation: $625.0K
Executive Vice President of Design
Total Annual Compensation: $418.3K
Compensation as of Fiscal Year 2015.

vera bradley inc (ELI) Key Developments

Vera Bradley, Inc. Announces Board Changes

Due to other professional commitments, on May 28, 2015, Karen Kaplan notified Vera Bradley, Inc. of her resignation as a member of Board of Directors and Compensation Committee, each effective immediately. The company elected Robert Hall, P. Michael Miller and Edward M. Schmults to serve as Class II directors of the company's board of directors.

Vera Bradley, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2016

Vera Bradley, Inc. announced unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported net revenues of $101,104,000 against $112,197,000 a year ago. Operating loss was $4,971,000 against operating income of $11,287,000 a year ago. Loss from continuing operations before income taxes was $5,048,000 against profit of $11,207,000 a year ago. Loss from continuing operations was $4,136,000 or $0.10 per basic and diluted share against profit of $6,877,000 or $0.17 per basic and diluted share a year ago. Net loss was $4,136,000 or $0.10 per basic and diluted share against net income of $6,567,000 or $0.16 per basic and diluted share a year ago. Net cash used in operating activities was $770,000 against net cash provided by operating activities of $26,957,000 a year ago. Purchases of property, plant, and equipment were $7,530,000 against $4,040,000 a year ago. Net income from continuing operations before charges totaled $0.1 million or $0.00 per diluted share for the current year first quarter compared to $6.9 million or $0.17 per diluted share last year. Operating income excluding the charges outlined in the release totaled $0.9 million or 0.9% of net revenues in the current year first quarter compared to $11.3 million or 10.1% of net revenues in the prior year first quarter. For the second quarter of fiscal 2016, the company expects net revenues of $116 million to $120 million, gross margin rate of 54.5% to 55.0%, SG&A as a percent of sales of 48.3% to 49.3%, diluted earnings per share from continuing operations of $0.10 to $0.13, based on diluted weighted-average shares outstanding of 39.8 million and an effective tax rate of 38.8%. The second quarter revenue expectations reflect the timing of approximately $3.7 million in indirect revenues related to the early order period or EOP for specialty retailers that shifted from the first quarter last year to the second quarter of 2015. For fiscal 2016, the company expects net revenues of $480 million to $495 million, a gross margin rate of 55.7% to 56.2%, SG&A as a percent of sales of 46.8% to 47.4%, diluted earnings per share from continuing operations of $0.64 to $0.74, based on diluted weighted-average shares outstanding of 39.8 million and an effective tax rate of 39.5%. Net capital spending of approximately $31.0 million.

Vera Bradley, Inc. Receives Non-Compliance Notice From NASDAQ

Due to other professional commitments, on May 28, 2015, Karen Kaplan notified Vera Bradley, Inc. of her resignation as a member of the company’s Board of Directors and Compensation Committee, each effective immediately. Ms. Kaplan’s resignation from the company’s Board of Directors results in the company no longer being in compliance with NASDAQ Listing Rule 5605(b)(1), which requires that a majority of the board of directors of a NASDAQ listed company be comprised of Independent Directors (as defined in NASDAQ Listing Rule 5605(a)(2)). On May 29, 2015, the company notified NASDAQ of its non-compliance and of its intention to regain compliance within the cure period provided by NASDAQ Listing Rule 5605(b)(1)(A) - the earlier of the company’s next annual shareholders meeting or May 30, 2016. On June 1, 2015, the company received a letter from NASDAQ acknowledging the company’s non-compliance and confirming that NASDAQ will provide the company with the requisite cure period. The company has begun the process of identifying suitable candidates to fill the vacancies created by Ms. Kaplan’s departure.

 

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Industry Analysis

ELI

Industry Average

Valuation ELI Industry Range
Price/Earnings 14.7x
Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 15.4x
TEV/Sales 0.7x
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