Last $19.07 USD
Change Today -1.26 / -6.20%
Volume 412.4K
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

vera bradley inc (VRA) Snapshot

Open
$20.02
Previous Close
$20.33
Day High
$20.12
Day Low
$19.04
52 Week High
05/8/14 - $30.00
52 Week Low
01/15/15 - $18.14
Market Cap
768.7M
Average Volume 10 Days
490.4K
EPS TTM
$1.04
Shares Outstanding
40.3M
EX-Date
--
P/E TM
18.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for VERA BRADLEY INC (VRA)

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vera bradley inc (VRA) Details

Vera Bradley, Inc., through its subsidiaries, designs, produces, markets, and retails functional accessories for women. Its products include handbags; totes and specialty bags, including crossbodies, baby bags, backpacks, and laptop portfolios; technology accessories and fashion accessories, such as wallets, wristlets, eyeglass cases, cosmetics cases, and paper and gift products; and travel and leisure products comprising duffel bags, garment bags, rolling luggage, and travel accessories, such as travel cosmetic cases. The company sells its products under the Vera Bradley brand to approximately 3,100 specialty retailers located in the United States, as well as department stores and third party e-commerce sites. As of February 1, 2014, it sold Vera Bradley products through its 84 full-price and 15 outlet stores in the United States; 13 department store locations in Japan; its Websites, verabradley.com and verabradley.co.jp; and its annual outlet in Fort Wayne, Indiana. Vera Bradley, Inc. was founded in 1982 and is headquartered in Fort Wayne, Indiana.

2,900 Employees
Last Reported Date: 04/2/14
Founded in 1982

vera bradley inc (VRA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $173.1K
Co-Founder, Chief Creative Officer and Direct...
Total Annual Compensation: $465.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $244.2K
Executive Vice President of Design
Total Annual Compensation: $418.3K
Chief Merchandising Officer and Executive Vic...
Total Annual Compensation: $38.5K
Compensation as of Fiscal Year 2014.

vera bradley inc (VRA) Key Developments

Vera Bradley, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal Year 2015

Vera Bradley, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net revenues of $125,204,000 compared to $125,204,000 a year ago. Operating income was $13,604,000 compared to $24,701,000 a year ago. Income from continuing operations before income taxes was $13,389,000 against $24,562,000 a year ago. Income from continuing operations was $8,721,000 or $0.21 per basic and diluted share against $15,657,000 or $0.39 per basic and diluted share a year ago. Net income was $6,941,000 or $0.17 per basic and diluted share against $15,226,000 or $0.37 per basic and diluted share a year ago. For the nine months, the company reported net revenues of $356,361,000 compared to $374,477,000 a year ago. Operating income was $38,137,000 compared to $64,494,000 a year ago. Income from continuing operations before income taxes was $37,818,000 against $64,024,000 a year ago. Income from continuing operations was $23,492,000 or $0.58 per basic and diluted share against $40,225,000 or $0.99 per basic and diluted share a year ago. Net income was $21,106,000 or $0.52 per basic and diluted share against $39,366,000 or $0.97 per basic and diluted share a year ago. Net cash provided by operating activities was $56,253,000 compared to $34,846,000 a year ago. Purchases of property, plant, and equipment were $22,358,000 against $15,418,000 a year ago. The company provided earnings guidance for the fourth quarter and full year of fiscal year 2015. For the fourth quarter, the company expects net revenues to be in the range of $158 million to $163 million compared to prior year fourth quarter revenues of $156.4 million. The company expects gross margin rate to range from 53.5% to 54.5% compared to 52.8% in the prior year fourth quarter. The company expects diluted earnings per share from continuing operations to be in the range of $0.43 to $0.47, based on diluted weighted-average shares outstanding of 40.4 million and an effective tax rate of 38.4%. The company expects inventory to be $100 million to $110 million at the end of the fiscal year, compared to $136.9 million at the end of last fiscal year. For fiscal 2015, the company expects net revenues to be in the range of $514 million to $520 million compared to $530.9 million last year. The company expects gross margin rate to range from 53.0% to 53.5% compared to 55.0% last year. The company expects diluted earnings per share from continuing operations to be in the range of $1.00 to $1.05, based on diluted weighted-average shares outstanding of 40.6 million and an effective tax rate of 38.4%. The company expects net capital spending of approximately $40.0 million. Total capital expenditures to be approximately $40 million for the full year, with approximately $20 million related to the corporate office campus consolidation.

Harry Cunningham Joins Vera Bradley as Head of Store Development

Vera Bradley, Inc. announced that industry icon Harry Cunningham will join Vera Bradley as Head of Store Development effective December 8, 2014. Cunningham has nearly 25 years of experience in store design and visual merchandising. He has been with Saks Fifth Avenue since 2006 and most recently held the post of Senior Vice President of Store Planning, Design and Visual Merchandising. Prior to that, Cunningham held various visual merchandising roles of increasing responsibility with Liz Claiborne, Saks Department Store Group and Dillard's.

Vera Bradley, Inc. to Report Q3, 2015 Results on Dec 10, 2014

Vera Bradley, Inc. announced that they will report Q3, 2015 results at 9:30 AM, US Eastern Standard Time on Dec 10, 2014

 

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Industry Analysis

VRA

Industry Average

Valuation VRA Industry Range
Price/Earnings 19.7x
Price/Sales 1.6x
Price/Book 3.0x
Price/Cash Flow 20.2x
TEV/Sales 1.4x
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