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 $636,179.85 as of July 23rd, 2019. Mr. Ray owns 114,627 shares of Vera Bradley stock worth more than $636,180 as of November 25th. 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 in 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 10.5% 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 DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
7/23/2019Sell31,500$10.95$344,925.00114,627View SEC Filing Icon  
5/15/2019Sell33,294$11.37$378,552.782,441View SEC Filing Icon  
5/2/2019Sell2,429$12.44$30,216.767,299View SEC Filing Icon  
4/18/2019Sell33,236$11.60$385,537.60View SEC Filing Icon  
4/3/2019Sell33,236$13.14$436,721.0417,015View SEC Filing Icon  
3/18/2019Sell2,429$13.55$32,912.9521,873View SEC Filing Icon  
2/25/2019Sell2,429$9.65$23,439.8526,731View SEC Filing Icon  
2/13/2019Sell33,236$9.22$306,435.9231,589View SEC Filing Icon  
1/23/2019Sell2,429$9.37$22,759.7336,447View SEC Filing Icon  
1/8/2019Sell33,236$9.16$304,441.76View SEC Filing Icon  
12/18/2018Sell33,236$8.52$283,170.72View SEC Filing Icon  
11/28/2018Sell33,236$10.77$357,951.7251,021View SEC Filing Icon  
11/14/2018Sell2,429$12.58$30,556.8255,879View SEC Filing Icon  
10/30/2018Sell33,236$13.26$440,709.36View SEC Filing Icon  
10/17/2018Sell2,429$13.35$32,427.1565,595View SEC Filing Icon  
10/3/2018Sell2,429$14.87$36,119.2370,453View SEC Filing Icon  
9/20/2018Sell33,236$15.87$527,455.32View SEC Filing Icon  
9/10/2018Sell2,429$16.68$40,515.7280,169View SEC Filing Icon  
8/23/2018Sell33,236$14.93$496,213.48View SEC Filing Icon  
8/7/2018Sell33,236$13.48$448,021.28View SEC Filing Icon  
7/24/2018Sell2,429$13.80$33,520.2094,743View SEC Filing Icon  
7/10/2018Sell2,429$14.05$34,127.4599,601View SEC Filing Icon  
6/28/2018Sell2,429$14.60$35,463.40104,459View SEC Filing Icon  
6/26/2018Sell600,000$14.43$8,658,000.00106,888View SEC Filing Icon  
6/11/2018Sell2,429$14.09$34,224.61109,317View SEC Filing Icon  
5/23/2018Sell2,429$11.44$27,787.76114,175View SEC Filing Icon  
9/5/2017Sell237,500$8.23$1,954,625.00120,712View SEC Filing Icon  
3/31/2017Sell20,000$9.23$184,600.00191,962View SEC Filing Icon  
3/30/2017Sell40,000$9.18$367,200.00203,962View SEC Filing Icon  
3/22/2017Sell25,410$9.03$229,452.30210,362View SEC Filing Icon  
3/20/2017Sell40,000$9.32$372,800.00222,362View SEC Filing Icon  
3/16/2017Sell35,000$9.25$323,750.00234,632View SEC Filing Icon  
3/14/2017Sell30,000$9.14$274,200.00243,362View SEC Filing Icon  
11/16/2016Sell32,400$14.92$483,408.00269,462View SEC Filing Icon  
10/6/2016Sell10,800$15.10$163,080.00279,062View SEC Filing Icon  
9/27/2016Sell1,600$15.71$25,136.00282,262View SEC Filing Icon  
9/26/2016Sell1,600$15.58$24,928.00282,262View SEC Filing Icon  
9/16/2016Sell10,800$15.97$172,476.00285,462View SEC Filing Icon  
8/11/2016Sell10,800$14.54$157,032.00289,662View SEC Filing Icon  
6/24/2016Sell6,800$14.51$98,668.00290,262View SEC Filing Icon  
6/23/2016Sell42,300$14.85$628,155.00314,162View SEC Filing Icon  
6/2/2016Sell6,000$15.07$90,420.00342,362View SEC Filing Icon  
5/17/2016Sell6,000$16.11$96,660.00348,362View SEC Filing Icon  
5/4/2016Sell12,000$17.19$206,280.00357,362View SEC Filing Icon  
4/19/2016Sell12,000$17.37$208,440.00369,362View SEC Filing Icon  
4/18/2016Sell6,000$17.27$103,620.00369,362View SEC Filing Icon  
4/6/2016Sell38,500$19.21$739,585.00381,362View SEC Filing Icon  
3/23/2016Sell100,000$19.19$1,919,000.00463,862View SEC Filing Icon  
2/24/2016Sell3,000$15.54$46,620.00516,862View SEC Filing Icon  
2/23/2016Sell16,467$15.67$258,037.89516,862View SEC Filing Icon  
2/10/2016Sell200$14.52$2,904.00533,329View SEC Filing Icon  
1/13/2016Sell2,000$14.56$29,120.00535,862View SEC Filing Icon  
12/31/2015Sell6,000$16.05$96,300.00537,862View SEC Filing Icon  
12/22/2015Sell83,600$15.72$1,314,192.00543,862View SEC Filing Icon  
3/10/2015Sell2,500$18.16$45,400.00View SEC Filing Icon  
2/27/2015Sell26,440$20.03$529,593.20View SEC Filing Icon  
2/10/2015Sell2,500$19.25$48,125.00View SEC Filing Icon  
1/27/2015Sell2,500$19.25$48,125.00View SEC Filing Icon  
1/16/2015Sell2,500$18.62$46,550.00View SEC Filing Icon  
12/31/2014Sell10,000$20.33$203,300.00View SEC Filing Icon  
12/18/2014Sell95,696$20.62$1,973,251.52View SEC Filing Icon  
12/2/2014Sell10,000$21.79$217,900.00View SEC Filing Icon  
11/21/2014Sell10,000$22.33$223,300.00View SEC Filing Icon  
11/7/2014Sell10,000$22.55$225,500.00View SEC Filing Icon  
10/9/2014Sell10,000$20.33$203,300.00View SEC Filing Icon  
10/8/2014Sell5,000$20.38$101,900.00View SEC Filing Icon  
9/24/2014Sell10,000$23.01$230,100.00View SEC Filing Icon  
9/11/2014Sell10,000$22.66$226,600.00View SEC Filing Icon  
8/29/2014Sell13,750$20.13$276,787.50View SEC Filing Icon  
8/13/2014Sell6,250$19.84$124,000.00View SEC Filing Icon  
7/29/2014Sell16,500$20.67$341,055.00View SEC Filing Icon  
7/28/2014Sell11,500$20.69$237,935.00View SEC Filing Icon  
7/18/2014Sell3,500$19.84$69,440.00View SEC Filing Icon  
7/3/2014Sell10,000$21.84$218,400.00View SEC Filing Icon  
6/18/2014Sell10,000$22.67$226,700.00View SEC Filing Icon  
6/5/2014Sell10,000$24.64$246,400.00View SEC Filing Icon  
5/23/2014Sell5,000$26.71$133,550.00View SEC Filing Icon  
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Michael C. Ray Buying and Selling Activity at Vera Bradley

This chart shows Michael C Ray's buying and selling at Vera Bradley by year and by quarter.

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Vera Bradley Company Overview

Vera Bradley logo
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 consist 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, outerwear, tees and hoodies, and socks; 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 outlet stores in the United States; verabradley.com, an online outlet site; its annual outlet sale in Fort Wayne, Indiana. It sells its Pura Vida branded products through wholesale retailers and Pura Vida websites, including www.puravidabracelets.com, www.puravidabracelets.eu, and www.puravidabracelets.ca; and Vera Bradley Indirect branded products to specialty retail locations, department stores, national accounts, third party e-commerce sites, third-party inventory liquidators, and through licensing agreements. Vera Bradley, Inc. was incorporated in 1982 and is headquartered in Roanoke, Indiana.
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Today's Range

Now: $5.59
Low: $5.23
High: $5.59

50 Day Range

MA: $5.25
Low: $4.91
High: $5.58

2 Week Range

Now: $5.59
Low: $4.38
High: $8.32

Volume

119,409 shs

Average Volume

356,457 shs

Market Capitalization

$157.81 million

P/E Ratio

186.33

Dividend Yield

N/A

Beta

1.89