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Michael Ray Biography and Net Worth

Major Shareholder of Vera Bradley

Michael Ray is the former CEO of Vera Bradley. He retired from the women’s luggage and handbag design company in 2013.

Ray joined Vera Bradley in 1998 as the company’s director of finance. He rose through the company to the role of national sales director in 1999, executive vice president of sales and marketing in 2004, and CEO in 2007.

Under his leadership, Ray led Vera Bradley’s pivot from a niche accessories designer to a multichannel business with broad demographic appeal. Ray strengthened Vera Bradley’s sourcing, warehousing, and distribution infrastructure and expanded the company’s retail presence including entering the Japanese market.

Ray led Vera Bradley to its IPO in 2010. During his time with the company, revenue grew from $18 million in 1998 to $541 million in 2013. Additionally, it grew from 40 employees to 2,400 during that same time frame.

Ray began his career at accounting firm Coopers & Lybrand. He currently serves on the board of directors of the U.S. Olympic and Paralympic Foundation, the Seaside School Foundation, and the Ball State University Foundation. He also serves on the board of governors of the Riley Children’s Foundation.

Ray holds a bachelor of applied science degree in accounting and computer science from Ball State University.

What is Michael C. Ray's net worth?: The estimated net worth of Michael C. Ray is at least $780,609.87 as of July 23rd, 2019. Mr. Ray owns 114,627 shares of Vera Bradley stock worth more than $780,610 as of April 24th. This net worth estimate does not reflect any other investments that Mr. Ray may own. Learn More about Michael C. Ray's net worth.
How do I contact Michael C. Ray?: The corporate mailing address for Mr. Ray and other Vera Bradley executives is 12420 STONEBRIDGE ROAD, ROANOKE IN, 46783. Vera Bradley can also be reached via phone at (877) 708-8372 and via email at [email protected]. Learn More on Michael C. Ray's contact information.
Has Michael C. Ray been buying or selling shares of Vera Bradley?: Michael C. Ray has not been actively trading shares of Vera Bradley during the last ninety days. Most recently, Michael C. Ray sold 31,500 shares of the business's stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $10.95, for a transaction totalling $344,925.00. Following the completion of the sale, the insider now directly owns 114,627 shares of the company's stock, valued at $1,255,165.65. Learn More on Michael C. Ray's trading history.
Who are Vera Bradley's active insiders?: Vera Bradley's insider roster includes Mark Dely (Insider), Daren Hull (Insider), P. Miller (SVP), Patricia Miller (Major Shareholder), Michael Ray (Major Shareholder), Edward Schmults (Director), and Robert Wallstrom (Insider). Learn More on Vera Bradley's active insiders.
Are insiders buying or selling shares of Vera Bradley?: In the last year, insiders at the textile maker sold shares 1 times. They sold a total of 33,500 shares worth more than $251,585.00. The most recent insider tranaction occured on December, 8th when Director Mary Lou Kelley sold 33,500 shares worth more than $251,585.00. Insiders at Vera Bradley own 11.8% of the company. Learn More about insider trades at Vera Bradley.
Information on this page was last updated on 12/8/2023.

Michael C. Ray Insider Trading History at Vera Bradley

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
7/23/2019	Sell	31,500	$10.95	$344,925.00	114,627
5/15/2019	Sell	33,294	$11.37	$378,552.78	2,441
5/2/2019	Sell	2,429	$12.44	$30,216.76	7,299
4/18/2019	Sell	33,236	$11.60	$385,537.60
4/3/2019	Sell	33,236	$13.14	$436,721.04	17,015
3/18/2019	Sell	2,429	$13.55	$32,912.95	21,873
2/25/2019	Sell	2,429	$9.65	$23,439.85	26,731
2/13/2019	Sell	33,236	$9.22	$306,435.92	31,589
1/23/2019	Sell	2,429	$9.37	$22,759.73	36,447
1/8/2019	Sell	33,236	$9.16	$304,441.76
12/18/2018	Sell	33,236	$8.52	$283,170.72
11/28/2018	Sell	33,236	$10.77	$357,951.72	51,021
11/14/2018	Sell	2,429	$12.58	$30,556.82	55,879
10/30/2018	Sell	33,236	$13.26	$440,709.36
10/17/2018	Sell	2,429	$13.35	$32,427.15	65,595
10/3/2018	Sell	2,429	$14.87	$36,119.23	70,453
9/20/2018	Sell	33,236	$15.87	$527,455.32
9/10/2018	Sell	2,429	$16.68	$40,515.72	80,169
8/23/2018	Sell	33,236	$14.93	$496,213.48
8/7/2018	Sell	33,236	$13.48	$448,021.28
7/24/2018	Sell	2,429	$13.80	$33,520.20	94,743
7/10/2018	Sell	2,429	$14.05	$34,127.45	99,601
6/28/2018	Sell	2,429	$14.60	$35,463.40	104,459
6/26/2018	Sell	600,000	$14.43	$8,658,000.00	106,888
6/11/2018	Sell	2,429	$14.09	$34,224.61	109,317
5/23/2018	Sell	2,429	$11.44	$27,787.76	114,175
9/5/2017	Sell	237,500	$8.23	$1,954,625.00	120,712
3/31/2017	Sell	20,000	$9.23	$184,600.00	191,962
3/30/2017	Sell	40,000	$9.18	$367,200.00	203,962
3/22/2017	Sell	25,410	$9.03	$229,452.30	210,362
3/20/2017	Sell	40,000	$9.32	$372,800.00	222,362
3/16/2017	Sell	35,000	$9.25	$323,750.00	234,632
3/14/2017	Sell	30,000	$9.14	$274,200.00	243,362
11/16/2016	Sell	32,400	$14.92	$483,408.00	269,462
10/6/2016	Sell	10,800	$15.10	$163,080.00	279,062
9/27/2016	Sell	1,600	$15.71	$25,136.00	282,262
9/26/2016	Sell	1,600	$15.58	$24,928.00	282,262
9/16/2016	Sell	10,800	$15.97	$172,476.00	285,462
8/11/2016	Sell	10,800	$14.54	$157,032.00	289,662
6/24/2016	Sell	6,800	$14.51	$98,668.00	290,262
6/23/2016	Sell	42,300	$14.85	$628,155.00	314,162
6/2/2016	Sell	6,000	$15.07	$90,420.00	342,362
5/17/2016	Sell	6,000	$16.11	$96,660.00	348,362
5/4/2016	Sell	12,000	$17.19	$206,280.00	357,362
4/19/2016	Sell	12,000	$17.37	$208,440.00	369,362
4/18/2016	Sell	6,000	$17.27	$103,620.00	369,362
4/6/2016	Sell	38,500	$19.21	$739,585.00	381,362
3/23/2016	Sell	100,000	$19.19	$1,919,000.00	463,862
2/24/2016	Sell	3,000	$15.54	$46,620.00	516,862
2/23/2016	Sell	16,467	$15.67	$258,037.89	516,862
2/10/2016	Sell	200	$14.52	$2,904.00	533,329
1/13/2016	Sell	2,000	$14.56	$29,120.00	535,862
12/31/2015	Sell	6,000	$16.05	$96,300.00	537,862
12/22/2015	Sell	83,600	$15.72	$1,314,192.00	543,862
3/10/2015	Sell	2,500	$18.16	$45,400.00
2/27/2015	Sell	26,440	$20.03	$529,593.20
2/10/2015	Sell	2,500	$19.25	$48,125.00
1/27/2015	Sell	2,500	$19.25	$48,125.00
1/16/2015	Sell	2,500	$18.62	$46,550.00
12/31/2014	Sell	10,000	$20.33	$203,300.00
12/18/2014	Sell	95,696	$20.62	$1,973,251.52
12/2/2014	Sell	10,000	$21.79	$217,900.00
11/21/2014	Sell	10,000	$22.33	$223,300.00
11/7/2014	Sell	10,000	$22.55	$225,500.00
10/9/2014	Sell	10,000	$20.33	$203,300.00
10/8/2014	Sell	5,000	$20.38	$101,900.00
9/24/2014	Sell	10,000	$23.01	$230,100.00
9/11/2014	Sell	10,000	$22.66	$226,600.00
8/29/2014	Sell	13,750	$20.13	$276,787.50
8/13/2014	Sell	6,250	$19.84	$124,000.00
7/29/2014	Sell	16,500	$20.67	$341,055.00
7/28/2014	Sell	11,500	$20.69	$237,935.00
7/18/2014	Sell	3,500	$19.84	$69,440.00
7/3/2014	Sell	10,000	$21.84	$218,400.00
6/18/2014	Sell	10,000	$22.67	$226,700.00
6/5/2014	Sell	10,000	$24.64	$246,400.00
5/23/2014	Sell	5,000	$26.71	$133,550.00

Michael C. Ray Buying and Selling Activity at Vera Bradley

Vera Bradley Company Overview

Vera Bradley, Inc., together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consisting of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags. It also provides home products that include throw blankets, beach towels, and comforters, as well as items, such as mugs and tumblers; apparel/footwear comprising sleepwear, footwear, cotton face masks, outerwear, socks, and scarves; and stationery and merchandising products, as well as freight, licensing, and gift card breakage services. The company sells its Vera Bradley branded products through its full-line and factory outlet stores in the United States; and verabradley.com, an online outlet site, as well as its annual outlet sale in Fort Wayne, Indiana. As of January 28, 2023, it operated 51 full-line and 79 factory outlet stores. The company sells its Pura Vida branded products through wholesale retailers, as well as through Pura Vida websites, including www.puravidabracelets.com, www.puravidabracelets.eu, and www.puravidabracelets.ca. It also sells its Vera Bradley branded products to approximately 1,700 specialty retail locations, department stores, national accounts, third party e-commerce sites, and third-party inventory liquidators, as well as through licensing agreements. Vera Bradley, Inc. was incorporated in 1982 and is headquartered in Roanoke, Indiana.

Today's Range

Now: $6.71

$6.64

$6.73

50 Day Range

MA: $6.90

$6.14

$7.87

2 Week Range

Now: $6.71

$4.60

$8.35

Volume

19,905 shs

Average Volume

305,390 shs

Market Capitalization

$206.60 million

P/E Ratio

26.84

Dividend Yield

N/A

Beta

1.89