$3.88 Billion in Sales Expected for Vipshop Holdings Limited (NYSE:VIPS) This Quarter

Equities research analysts expect Vipshop Holdings Limited (NYSE:VIPS) to post $3.88 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Vipshop’s earnings. Vipshop posted sales of $3.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The company is expected to report its next quarterly earnings results on Friday, November 12th.

According to Zacks, analysts expect that Vipshop will report full-year sales of $18.74 billion for the current financial year, with estimates ranging from $18.59 billion to $18.83 billion. For the next financial year, analysts anticipate that the company will post sales of $20.73 billion, with estimates ranging from $19.88 billion to $21.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Vipshop.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 17th. The technology company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $1.80. The company had revenue of $29.61 billion for the quarter, compared to analyst estimates of $29.64 billion. Vipshop had a return on equity of 21.13% and a net margin of 5.40%. Vipshop’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 earnings per share.

A number of research firms recently commented on VIPS. Credit Suisse Group lowered Vipshop from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $16.00 in a research report on Thursday, August 19th. HSBC reduced their price objective on Vipshop from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, May 20th. Benchmark reduced their price objective on Vipshop from $37.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 19th. Zacks Investment Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 25th. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $17.00 in a research note on Friday, September 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus price target of $28.27.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Vipshop in the 2nd quarter worth about $27,000. Institutional & Family Asset Management LLC purchased a new stake in shares of Vipshop in the 1st quarter valued at about $40,000. SRS Capital Advisors Inc. purchased a new stake in shares of Vipshop in the 2nd quarter valued at about $30,000. Quadrant Capital Group LLC raised its holdings in shares of Vipshop by 36.1% in the 1st quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock valued at $60,000 after acquiring an additional 537 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Vipshop by 141.2% in the 2nd quarter. Huntington National Bank now owns 2,499 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,463 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

NYSE VIPS traded down $0.38 on Friday, reaching $13.11. The company had a trading volume of 360,379 shares, compared to its average volume of 12,820,433. The stock has a market capitalization of $9.01 billion, a P/E ratio of 9.30 and a beta of 0.56. The company’s fifty day moving average is $16.39 and its 200 day moving average is $24.21. Vipshop has a 52-week low of $13.02 and a 52-week high of $46.00.

About Vipshop

VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous.

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