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Vera Bradley (VRA) has 1 split in our VRA split history database. The split for VRA took place on June 15, 2004. This was a 1 for 10 reverse split, meaning for each 10 shares of VRA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Vera Bradley conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the VRA split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Vera Bradley shares, starting with a $10,000 purchase of VRA, presented on a split-history-adjusted basis factoring in the complete VRA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-16.69%|
|About Vera Bradley|
|Vera Bradley is a designer of women's handbags, luggage and travel items, fashion and home accessories, and gifts. The Vera Bradley brand's segments are: VB Direct, which business consists of sales of Vera Bradley products through full-line and factory outlet stores; verabradley.com; online outlet site; and annual outlet sale in Fort Wayne, IN; and VB Indirect, which business consists of sales of Vera Bradley products to specialty retail locations; sales to department stores, national accounts, third-party e-commerce sites, and third-party inventory liquidators; and royalties recognized through licensing agreement. The Pura Vida brand providing bracelets, jewelry, and other accessories. According to our VRA split history records, Vera Bradley has had 1 split.|
|VRA Split History Table|
|06/15/2004||1 for 10|
|Services Stock Splits|
|VRA is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: VRA shares outstanding history