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Vera Bradley Inc. (VRA). Riya Raavicharla Charles Ro. Background. Founded by Patricia R. Miller and Barbara Bradley Baekgaard after noticing a lack of feminine-looking luggage Headquarters is located in Fort Wayne, Indiana Has a reputation as a leader in the gift industry
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Vera Bradley Inc. (VRA) Riya Raavicharla Charles Ro
Background • Founded by Patricia R. Miller and Barbara Bradley Baekgaard after noticing a lack of feminine-looking luggage • Headquarters is located in Fort Wayne, Indiana • Has a reputation as a leader in the gift industry • Employs 2300 people directly and many more through subcontracting • 2012 fiscal sales were $461 million • Vera Bradley is an internationally recognized brand
What they do? •Vera Bradley designs, manufactures and markets a distinctive line of superior quality handbags, travel items, stationery and accessories that convey the Vera Bradley image and unique lifestyle. •The company combines smart product designs with distinctive and colorful fabrics and trims •Vera Bradley has a loyal following of customers who appreciate the function and quality of bags and luggage.
Recent News •Vera Bradley Names Robert Wallstrom Chief Executive Officer (November 5, 2013) •Vera Bradley Disney Collection is available at Disney stores (September 21, 2013) •Vera Bradley to Expand and Add Jobs (August 2, 2013) •20th Annual Vera Bradley Foundation Classic raises record amount for Breast Cancer Research (June 3, 2013) •Vera Bradley Baby Collection Available (March 14, 2013) •Vera Bradley To Grace 'The Stage' At Isetan Shinjuku, Tokyo (Aug 14, 2012) •Vera Bradley Cell Phone Cases Available at Verizon Stores and Online at verizonwireless.com (June 1, 2012) •Vera Bradley To Be Available At Von Maur (June 1, 2012)
Technicals Price: 23.90 52-week: 17.27 - 27.15 Market Cap: 964.38M P/E: 14.31 Div/Yield: (N/A) EPS: 1.65 Shares: 40.61M Beta: 1.32 Institutional Ownership: 80%
Financials Second Quarter Results Released - September 11, 2013 Increased 1.9% to $125.4 million Direct net revenues increased 14.2%
Competitors • Coach, Inc. • Michael Kors • Macy's, Inc.
Reasons to Buy • Next Earnings report releasing on - December 11, 2013 • Growth expected • Appeals to more consumers as competitors provide higher priced goods • Growing in size compared to its competitors • New stores continue to open, Robert Wallstrom • 45% increase of people visiting the website
http://www.nasdaq.com/press-release/vera-bradley-announces-fiscal-2014-second-quarter-financial-results-20130911-01016http://www.nasdaq.com/press-release/vera-bradley-announces-fiscal-2014-second-quarter-financial-results-20130911-01016 http://www.nasdaq.com/symbol/vra/recommendations https://www.google.com/finance?q=vra&ei=PiWiUoDPOdO60AH3fQ http://www.fool.com/quote/NASDAQ/vera-bradley-inc/VRA/analyst-ratings?source=iqpfolmu0000001&lidx=1 http://www.nasdaq.com/earnings/report/vra http://www.verabradley.com